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How does Islamic finance work? Does it offer the same facilities as the conventional banking system? Why is it gaining popularity, year on year, with customers in the UK, both Muslim and non-Muslim?
Islamic banking provides Muslims with a variety of financial products that help their money work harder and allow them to finance residential and business property in line with their faith.
However, with its underlying principles of equitable distribution for all, ideals of fair trading, judicious spending of wealth and the well-being of the community as a whole, Islamic finance also presents an ethical alternative for non-Muslims.
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Why is Islamic banking considered ethical?
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