Instruments that Facilitate Islamic Financing
A non-Islamic government will have no problem as it may always resort interest-bearing credit. However, a government of the people who are keen to remain within the realms of Shari’ah needs and alternate. It is a part of our faith that Islam is suitable for every time and every place because it is the final message for all humanity. It is only because of lack of effort on our part that appropriate Islamic solutions are not found. The purpose of this chapter is to thoroughly examine the framework for musharakah and other financial instruments of the Islamic banks.
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