Question

A major distinction between a conventional bank and an Islamic bank is that Islamic banks Group of answer choices are supposed to refrain from making a profit through any source. are allowed to charge higher interest rates on loans. cannot pay or charge interest. are not subject to any form of law.

Answer 1

Answer:

cannot pay or charge interest

Explanation:

Islamic banks do not charge interest. The banks are based on Sharia law. Islamic banks make a profit through equity participation.

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