The most widely used banking method among the world's Islamic banks is _______________. In this method the bank includes a mark-up on items purchased.

Question

Quizplus · Accepted Answer

Murabaha is the most widely used banking method among Islamic banks, where the bank buys an item and sells it to the customer at a profit margin agreed upon by both parties. This method complies with Islamic law, which prohibits interest (riba).

The Most Widely Used Banking Method Among the World's Islamic