IDK how halal banks are structured.
Profit has to come from somewhere to incentivize being a bank, beyond the cost of takng risk, employees, buildings, taxes, etc.
Halal banking may explain a part of why the ME region is relatively undeveloped, backward and without a vibrant middle class. Borrowers must be scrutinized more harshly?
IDK how halal banks are structured.
Profit has to come from somewhere to incentivize being a bank, beyond the cost of takng risk, employees, buildings, taxes, etc.
Halal banking may explain a part of why the ME region is relatively undeveloped, backward and without a vibrant middle class. Borrowers must be scrutinized more harshly?
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