Question: In conventional banking , Ointeresto predetermines a fixed rate of return on a loan advanced by the financier irrespective of the profit carmed or

" In conventional banking , Ointeresto predetermines a fixed rate of return on a loan advanced by the financier irrespective of the profit carmed or loss suffered by the debtor . As interest is deemed impermissible in islam , the Musharaka contract does not envisage a fixed rate of return Explain the Mushoraka contract and how its uses in Islamic Banking .

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