What is Islamic Profit Sharing

Islamic Profit Sharing What is Islamic Profit SharingThere are several other approaches used in business trade. Islamic banks lend their money to individuals by issuing floating rate interest loans.

The floating rate of interest is pegged to the company’s individual rate of return. Thus the Islamic bank’s profit on the loan is equal to a certain percentage of the company’s profits.

Once the principal amount of the loan is repaid, the profit-sharing arrangement is concluded. This practice is called Musharaka and is Halal.

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What Really Is Halal Food ?

Any Halal meat are foods that are allowed under Islamic dietary guidelines or permitted for consumption. Halal foods are the nature way of life as good, wholesome, pure, safe, clean, nourishing and healthy to consume.

Halal Food Guide

Remember, Halal can be eaten by non Muslims, however Muslims will only eat Halal Only.

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