Friday, 8 December 2006

Alternatives To Riba

As an alternative to conventional banking mechanisms which use Riba (interest) to generate profit, a person can opt to Islamic banking options which is Halaal.

There are many Islamic banks operating on Islamic rules and principles of economics, for example:
Murabahah (purchase and sell on profit) and Musharakah (partnership), etc.

Alhamdulillah, they have been very successful and admired even by conventional banks.

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