4 ms·
Even islamic banking expects some kind of ROI. Perhaps it isn't strict usury, but there is generally some kind of ownership or profit sharing happening.
by prussian 6y ago
Even islamic banking expects some kind of ROI. Perhaps it isn't strict usury, but there is generally some kind of ownership or profit sharing happening.
- apta 6y agoExpecting is different from enforcing in the contract, as is the case with interest/usury. As long as the contract allows for a gain or loss (other caveats holding), then it should be fine in general. On a side note, there is no strict definition of what "Islamic banking" is, much of so called Islamic banking you hear about today, isn't.