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  3. Study Set
    Islamic Banking
  4. Exam
    Exam 1: Islamic Banking and Finance: Principles and Practice
  5. Question
    Within the Modern Context, the Interest Element in Banking and Finance
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Within the Modern Context, the Interest Element in Banking and Finance

Question 33

Question 33

True/False

Within the modern context, the interest element in banking and finance is replaced with profit-sharing through certain Islamic financial products such as mudarabah and musharakah.

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