BASIC RULES FOR PROPER ISLAMIC BANKING & FINANCE

E-commerce payments require knowledge of complex banking and financing information about the countries involved in an e-transaction. Even though most countries have a fairly similar banking and financing system, few Westerners know the basic rules that all good Muslims want to apply when they do business such as banking or other finance-related activities. This article looks into the general economic Muslim rules, their source and the thought behind them. This article answers these questions: What is the history of Islamic Banking?, What is the Difference Between Muslim & Western Banking?, Why Don’t Muslims Like Interest?, How Can you Run a Bank Without Interest?, What are Some Other Muslim Financial Rules?, Can You Give Some Tips for Doing Business With Muslims?

The following questions have been addressed in this article:

What is the History of Islamic Banking?
Why Don’t Muslims Like Interest?
Can you Run a Bank Without Charging Interest?
What are Some Other Muslim Financial Rules?
Can You Give Some Tips for Doing Business With Muslims?

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