Ask Question
24 December, 11:42

Under the Islamic banking method of mudarabah, when an Islamic bank lends money to a business, rather than charging that business interest on the loan, it takes a share in the profits that are derived from the investment. True / False.

+2
Answers (1)
  1. 24 December, 12:05
    0
    Answer: True

    Explanation:

    This is because "sharia" an islamic practice goes against paying interest on all money loans.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Under the Islamic banking method of mudarabah, when an Islamic bank lends money to a business, rather than charging that business interest ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers