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book Macroeconomics 9th Edition by David Colander cover

Macroeconomics 9th Edition by David Colander

Edition 9ISBN: 978-0077501860
book Macroeconomics 9th Edition by David Colander cover

Macroeconomics 9th Edition by David Colander

Edition 9ISBN: 978-0077501860
Exercise 15
While sharia (interest) is banned in Islam, profit-sharing is not.n Islamically sound banking practice could be a system in which depositors deposited money under a principle of profit-sharing and the bank provided funds on the same principle with a mark-up as payment for their financial services.
a.ow does this system differ from a system based on interest
b.ow might the system of interest be exploitative and a system based on profit-sharing not be exploitative (Religious)
Explanation
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(a) The system based on the principle of...

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Macroeconomics 9th Edition by David Colander
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