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RE: The First Islamic Bank to Use Blockchain Technology
I wonder how these Islamic banks work, isn't usury or interests forbidden by the Koran? And if they charge no interest how do banks make money?
I wonder how these Islamic banks work, isn't usury or interests forbidden by the Koran? And if they charge no interest how do banks make money?
I think that when you borrow money you agree to return bigger sum.
That would be very strange if true.