Can banking survive without interest rate?
Personalloan27 Mar, 2020Finance
Islamic loan real estate is best suited for people who are not will to take interest in their savings or allow their money to be invested in businesses that are prohibited by using Islamic loan offers. So most of the banks particularly Mashreq bank of Dubai along with commercial banking services also deal with the Islamic services and make sure the transactions your money will be used for are according to Islamic laws and do not involve prohibited activities.
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