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The Concept Of Interest In The Western And Middle Eastern Society, Mustapha Ben Amira
The Concept Of Interest In The Western And Middle Eastern Society, Mustapha Ben Amira
Theses Digitization Project
The entire banking systems in the western societies is based on the use of interest. The bank charges the borowers interest on its loans and pays its depositors interest on their deposits. On the other hand, the Middle Eastern banking system is an interest free system that prohibits the use of interest, either in receipt or in payment.