What procedures are followed in islamic banking.How do they finance without interest?
Answer:
This is a very informative site on Islamic banking:
http://en.wikipedia.org/wiki/islamic_ban.
One example it gives says that in the case of a mortgage, because they forbid charging of interest, the bank might buy the house itself and sell it to the buyer for a profit.
The site should give you the info you're looking for.
They don't.
if u want to buy a car or something else they gonna buy it and sell it for u in this way it will be a good commerce
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