I am a Malaysian and known fully well how this system works. this so called "Islamic Finance" is more predatory than conventional system and has cause much more bankruptcy in Malaysia. They don't have interest but have "cost of fund" charges that is very much higher than normal interest rate.
Important video to show the latest popular economic jihad propaganda technique to spread Islam, pretending Islamic finance doesn't use interest, but really hiding it by mudaraba & musharaka.
@EncompassedRunner
Spreading Islam (the truth) is an obligation for all Muslims.
Metsada007 1 year ago
Bankruptcies? That would violate the islamic methods. Sounds like pseudo-islamic, as in name only islamic. Refer to 'Islamic economy of poverty'
faro0485 1 year ago
I am a Malaysian and known fully well how this system works. this so called "Islamic Finance" is more predatory than conventional system and has cause much more bankruptcy in Malaysia. They don't have interest but have "cost of fund" charges that is very much higher than normal interest rate.
anaklabu 2 years ago
Important video to show the latest popular economic jihad propaganda technique to spread Islam, pretending Islamic finance doesn't use interest, but really hiding it by mudaraba & musharaka.
EncompassedRunner 2 years ago