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Not known Facts About islamic loan

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Islamic banking companies will instead “invest in” permitted property or commodity for the borrower and offer it at an increased cost for financing. A Musawamah (actually "bargaining") agreement is applied if the exact price of the product(s) bought towards the financial institution/financier both can not be or just isn't https://shanejklkk.ambien-blog.com/20079188/housing-development-finance-corporation-maldives-an-overview

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