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The main difference between Islamic and conventional financing is that Islamic financing operates without interest (riba) and adheres to Sharia (Islamic law). It's based on asset-backed, risk-sharing, and ethical principles, whereas conventional financing involves interest-based loans and is not bouRead more
The main difference between Islamic and conventional financing is that Islamic financing operates without interest (riba) and adheres to Sharia (Islamic law). It’s based on asset-backed, risk-sharing, and ethical principles, whereas conventional financing involves interest-based loans and is not bound by religious guidelines or ethical restrictions.
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