Are Checking Accounts in American Banks Permissible Under Islamic Laws?
The purpose of this note is to stimulate the thought of Muslim scholars about a neglected aspect of American banking business. namely the payment of interest on demand deposits (checking accounts). Demand deposits represent funds that commercial banks use to extend loans to the public and purchase...
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| Format: | article |
| Language: | EN |
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International Institute of Islamic Thought
1985
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| Online Access: | https://doaj.org/article/05ca9b5428b24cb0bdce891fb65b84cb |
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