Islamic banking practices promote the success of small businesses with their philosophy of sharing capital and labor, risk and profit.

Question

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Islamic banking practices, which operate on principles of profit and loss sharing, risk sharing, and prohibition of interest (riba), are designed to promote ethical investments and support the growth of small businesses by providing them with access to capital without the burden of paying fixed interest rates. This approach encourages entrepreneurship and the development of small enterprises by sharing the financial risks and rewards between the bank and the business.

Islamic Banking Practices Promote the Success of Small Businesses with Their