Islamic finance products were initially based on the idea of equity partnership or partnership modalities in general.

Name: Islamic finance products were initially based on the idea of equity partnership or partnership modalities in general.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Islamic finance products are rooted in the concept of risk-sharing and partnership, where both profit and loss are shared, aligning with Islamic principles that prohibit interest (riba) and promote ethical and equitable financial transactions.

Islamic Finance Products Were Initially Based on the Idea of Equity