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late payment interest

late payment interest

Islamic Banks and Takaful Firms Prohibited from Charging Any Late Payment Interest or Fees

Islamic Banks and Takaful Firms Prohibited from Charging Any Late Payment Interest or Fees   In a landmark decision set to redefine the enforcement of Sharia principles in commercial dealings, the Dubai Court of Cassation has issued a binding ruling that prohibits Islamic banks and Takaful companies from charging any form of interest or fees […]