Can Islamic banking end recession?
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In the times when the recession is gripping the world hard, no measures seem to provide the world with speedy recovery. In such a situation, Islamic finance is what everyone hasn’t so far, knowingly or unknowingly, considered as one of the solutions. Islamic banking is a different kind of banking wherein charging interest is not allowed. Banks buy things for the borrowers than lending money and then bank and borrowers share profit or loss and risk and benefits. It makes (little if not good) a sense at present. Therefore, should the Islamic banking be given a chance in a fight against economic crisis?
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