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What is Overview of Interest-Free Banking about?

The document provides an overview of interest-free banking (IFB), including its definition, naming conventions in different countries, and the fundamental principles of Islamic finance that IFB is based on such as the prohibition of riba (interest) and gharar (excessive uncertainty). It also discusses the historical background of IFB and the organizations that set standards for Islamic financial institutions.

Author

zeynuahmed97

Language

EN