How Could The Islamic Religion Affect Cross-cultural Relations And Business Operations?


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Stewart Pinkerton Profile
In Islamic law, interest on loans cannot be charged as it is regarded as usury, so banks have to set up special Islamic loans where no interest is charged. There is however an arrangement fee for setting up such loans, which by a strange coincidence is exactly the same amount as the interest which would be charged on a normal loan. You just can't beat religion for sheer hypocrisy!

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