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ASB-4424 Islamic Banking  

Pages : 2 | Type : Essay

Answer: Discussion Islamic central banks are different from other central banks as conducting monetary polices is restricted to interest free monetary instruments. The Islamic central bank and the banking sector operate in compliance with Sharia laws (Islamic laws). The Islamic laws prohibits usury and investment on businesses considered contrary to the Islamic teachings (Hanif, 2014). The objectives of Islamic monetary policies are to stabil...

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userWritten By : Mark     postPosted On : Jul 27, 2021     downloadDownload : 0

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