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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So basically it’s like this.
The bank buys the house, and then sells it to you at a rate a bit above market price.
They make a lot of profit, they just have their own ways around it. It’s smart actually.
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