What the issues of Islamic banking in terms of competition that it faces in the dual banking system environment?
Among the aspects examine are competition in terms that include...
a) interest rate charges
b) demand trends
c) legal environment
d) economic environment
e) future direction
Competition between Islamic banking and conventional banking?va loan
In its essence, Islamic banking is a complex series of charades intended to obfuscate the payment of interest (something similar was common in premodern Europe). Its viability will depend on the willingness of its customers to bear superfluous transaction costs to sustain their cognitive dissonance.
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