The embryonic stage of modern Islamic banking and finance is best identified with the 1960s pockets of experiments in Islamic banking in Egypt, Malaysia, and Pakistan.
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Q5: The form of riba prohibited in the
Q6: It has been established that both interest
Q7: While the gold dinar was the Persian
Q8: The enormous development of Islamic banking and
Q9: Any form of banking and financial institution
Q11: Islamic state originally issued its first Islamic
Q12: The first Caliph, Abu Bakr, was the
Q13: While riba al-nasi'ah relates to trade, riba
Q14: The first modern financial institutions were created
Q15: Among the prohibited transactions which were common
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