Question: Islamic Financial System Although there is no direct explanation for the prohibition of riba, Islamic scholars have derived several reasons based on the Quran and

Islamic Financial System

Although there is no direct explanation for the prohibition of riba, Islamic scholars have derived several reasons based on the Quran and hadith. Provide FOUR (4) economic justifications for the prohibition of riba (4 marks)

Hint: your answer should begin with introductory, main analysis, and conclusion. Less mark will be given if your answer failed to meet the aforementioned criteria.

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