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  2. Islamic finance products, services and contracts - Wikipedia

    en.wikipedia.org/wiki/Islamic_finance_products...

    While the original Islamic banking proponents hoped profit-loss sharing (PLS) would be the primary mode of finance replacing interest-based loans, long-term financing with profit-and-loss-sharing mechanisms is "far riskier and costlier" than the long term or medium-term lending of the conventional banks, according to critics such as economist Tarik M. Yousef.

  3. Bank Muamalat - Wikipedia

    en.wikipedia.org/wiki/Bank_Muamalat

    Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. [1] The bank's operations began in 1 May 1992 [1] with foreign exchange ...

  4. Islamic banking and finance - Wikipedia

    en.wikipedia.org/wiki/Islamic_banking_and_finance

    The bank, in an effort to secure its loan, will place a lien (a charge) on the property, so that if the borrower does not repay the loan, the bank gets the right to foreclose on the borrower's right to hold title and have the title be transferred to the bank (or the house be auctioned and the proceeds received by bank).

  5. What is a personal loan? How it works — and what to know ...

    www.aol.com/finance/what-is-a-personal-loan...

    How personal loans work. A personal loan works by giving you a lump sum of money that you repay in monthly installments plus interest and fees. You can typically borrow between $2,000 and $50,000 ...

  6. Should I get a personal loan? Here are the pros and cons - AOL

    www.aol.com/finance/pros-cons-personal-loans...

    A personal loan can fund expenses such as debt consolidation or medical costs. Personal loans tend to carry lower interest rates than credit cards, which can make them more affordable for ...

  7. Common personal loan myths — and the actual facts you ... - AOL

    www.aol.com/finance/common-personal-loan-myths...

    Myth: Personal loans are worse than credit cards. For those with a good to excellent credit score and a stable income, the interest rate on personal loans is often lower than credit cards. You may ...

  8. What is a personal loan? What you should know before you apply

    www.aol.com/finance/personal-loan-213206505.html

    A personal loan is a type of installment loan with a fixed rate and monthly payment. Repayment terms range between one to seven years. You receive a lump sum after approval and can use your loan ...

  9. Bank Muamalat Malaysia - Wikipedia

    en.wikipedia.org/wiki/Bank_Muamalat_Malaysia

    Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs. The bank was based on a profit sharing model and its products weren't linked ...

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