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.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q28: In Islamic law, financial products are restricted
Q29: While riba al-nasi'ah relates to trade, riba
Q30: While the gold dinar was the Persian
Q31: Discuss the economic reforms undertaken by the
Q32: The Islamic finance industry has more than
Q34: Takaful is the Islamic alternative to reinsurance
Q35: The Islamic finance products are designed in
Q36: It has been established that both interest
Q37: Describe the major economic problem that the
Q38: According to a 2010 estimate, there are