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Contemporary Issues In Interest Free Banking

Keywords: Banking , Economic , Interest , Loans , Products and Services.

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Abstract:

Banking Plays an important role in country's economic development. Banks accept deposit from customer and gives Loans and advances to needy persons. Bank charges interest on Loans and advances. In various secular muslim countries special financial Houses were established to offer intrerest free products and services. The special financial Houses only providing financial products and services based on Islamic principles.

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