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Islamic finance represents a unique aspect of global finance, as it strictly adheres to principles of Shariah law. Based on these tenets, Islamic finance completely forbids riba (interest), gharar (excessive uncertainty) and maysir (gambling).
However, despite Islamic Shariah–based trading’s potential benefits, several false assumptions exist, and many people may have misunderstandings of Islamic financial services and Shariah-compliant trading due to misleading information.
This article will discuss some common misconceptions about Islamic finance and Islamic Shariah trading.
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