2006-10-12 06:34:01 · 4 answers · asked by Anonymous in Business & Finance ➔ Credit
This is a very informative site on Islamic banking:
http://en.wikipedia.org/wiki/Islamic_banking
One example it gives says that in the case of a mortgage, because they forbid charging of interest, the bank might buy the house itself and sell it to the buyer for a profit.
The site should give you the info you're looking for.
2006-10-14 08:16:15 · answer #1 · answered by milomax 6 · 0⤊ 0⤋
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2016-12-13 07:01:33 · answer #2 · answered by ? 4 · 0⤊ 0⤋
if u want to buy a car or something else they gonna buy it and sell it for u in this way it will be a good commerce
2006-10-12 06:43:29 · answer #3 · answered by ? 2 · 0⤊ 0⤋
They don't.
2006-10-12 06:41:22 · answer #4 · answered by Anonymous · 0⤊ 0⤋