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What is Foundation in Islamic Finance about?

During the time of the Prophet Muhammad (peace be upon him) and his companions: 1. The Baitulmal managed the financial affairs of the Islamic state through sources like zakat and taxes rather than accepting deposits or granting loans. 2. Trustworthy individuals like the Prophet and Zubair bin al-Awwam safeguarded public money, with the Prophet returning deposits before his migration and Zubair preferring to take money as a loan with the right to use it rather than as a deposit. 3. Early practices also i

Author

Aishah Sis

Language

EN