posted by Christopher W. Holton

Note the misleading information in this article, namely referring to “Islamic banking” as “interest-free banking.”

This implies that Shariah-compliant banks loan money for free. Nothing could be further from the truth. They charge fees instead of interest and very often the fees exceed what conventional interest would have charged…

http://www.freepressjournal.in/business/rbi-govt-exploring-introduction-of-sharia-banking/919718

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