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Islamic financing: What is the difference between Islamic financing and classical loans?

The global Islamic finance market reached $4.5 trillion in 2023 and is still growing. In Central Asia, where many previously avoided banking services for religious reasons, Islamic finance has become an affordable alternative. In turn, Kyrgyzstan is keeping up with the trend, not in vain, as these principles exclude interest and are based on fairness and risk sharing. The Akchabar editorial team

10/2/2024, 11:14:41 AM

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