banks make a profit by selling money to people like giving an individual 2000$ but he must return 2100$ later on, in Islamic banks such thing isn’t allowed and I don’t understand how they make any profit
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The Arab world gets around it by calling it pishkesh instead of usury. It’s basically a one-time bribe or fee instead of a constant percentage.
Some Amercian Muslim groups practice it as well and definitely makes it more affordable for new families to buy homes.
The scenario you described is allowed in Islam, what isn’t is a usury percentage that keeps ticking year over year.
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