How does banking work in Muslim countries when you’re not allowed to charge interest?
Posted March 11th, 2009 by admin 6 Comments »
CLK_2006 asked:
In the West, charging interest is a fundamental part of banking. As I understand it, you’re not allowed to charge interest under the faith. Would one be breaking the rules of charging interest if one invested in a Western bank.
In the West, charging interest is a fundamental part of banking. As I understand it, you’re not allowed to charge interest under the faith. Would one be breaking the rules of charging interest if one invested in a Western bank.