PRC-3 · Chapter 4 · Question 26 of 65
Which of the following is a core, fundamental principle of Islamic Banking compared to conventional banking?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) The strict prohibition of Riba (interest)
Explanation
Unlike conventional banking which relies on interest, Islamic banking operates on profit-sharing and asset-backed transactions, strictly prohibiting Riba (interest).
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