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Differences between Islamic Banking and Conventional ...

Differences between Islamic Banking and Conventional ...

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contracts depending on the requirements of the client: Islamic Banks Financing Transactions Characteristics: 1. Islamic bank takes the risk of the asset 2. Income is earned through sale or leasing contracts 3. Share profit & bear Loss as the case may be 4. In case of late payment or default by the client, there will be no penal charges.

  Contract, Between, Banking, Conventional, Islamic, Between islamic banking and conventional

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