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Showing posts with the label INTEREST

12 Interesting Facts About Islam

Muslim creed - In the West, Islam is the most misunderstood religion because most people don't know the basics of Islam. Islam means peace. However, in today's world, there are many misconce…

ISLAMIC CONCEPT OF INTEREST

THEORY OF PROFIT FROM ISLAMIC PERSPECTIVE 1. Price theory the core of economics cannot stand firm without the assumption of profit maximization. Islamic Finance Infographic Edelman Keuangan Infogr…

DOES ISLAMIC LAW FORBID CHARGING INTEREST

Islams Sharia law is cast from the words of Muhammad called hadith his actions called sunnah and the Quran which he dictatedThe Sharia law itself cannot be altered but its interpretation called fiqh…

DO ISLAMIC BANKS CHARGE INTEREST

But Islamic Banks may make money via Illegal andor Haraam businesses. However some Islamic banks offer products called qardh-ul hasan which charge lenders a management fee and others have savings ac…