Islamic Finance

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Islamic banking is best

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08

Colonialists initiated banking in Sudan in order to serve the interests of the colonizing power. After independence, banks in Sudan continued to operate on the same principles as colonial banks. God prohibits dealing in riba (interest) mainly because it causes oppression and exploitation. Islamic banks are structured to improve the economic welfare of all people.