Answer: The teachings of Islam
are not confined to Muslims; rather these equally address the non-Muslims due
to their universal nature. The basis of Islamic banks is laid down on ethical values
and socially responsible system.
The values like justice, mutual help, fee
consent and honesty on the part of the parties to a contract, avoiding fraud,
misrepresentation and misstatement of facts and negation of injustice or
exploitation form the basic principles of Islamic banking. Therefore, the
principles of Islamic banking lead the economic system to achieve the common
good and economic prosperity. On this principle, Islamic banking becomes a
viable option for everyone irrespective of their religion.
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