Question
How should an Islamic bank acquire profit? Are there any true Islamic banks in the world?
Answer
A genuine Islamic bank will become an active partner in business. There are various transactions of trade and ways in which the bank will profitably participate. It will also charge service fees for services rendered. There is no genuine Islamic bank anywhere in the world..
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 21 No 08
- PDF page
- 2
Appears under Questions and Answers (approximate).