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  • Disadvantage of Islamic Economy System

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    Mae
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    Islamic economy systems have some disadvantages according to critics. They argue it is incoherent due to different interpretations of the Quran and banking relies on an honor system which can encourage fraud and non-payment, hindering economic growth and stability.

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    Economy system

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    Islamic economy systems have some disadvantages according to critics. They argue it is incoherent due to different interpretations of the Quran and banking relies on an honor system which can encourage fraud and non-payment, hindering economic growth and stability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3K views1 page

    Disadvantage of Islamic Economy System

    Uploaded by

    Mae
    Islamic economy systems have some disadvantages according to critics. They argue it is incoherent due to different interpretations of the Quran and banking relies on an honor system which can encourage fraud and non-payment, hindering economic growth and stability.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    DISADVANTAGE OF ISLAMIC ECONOMY SYSTEM

    Do not get the benefit of falling rates. According to some critics of the
    system, it is riddled with incoherence introduced by different interpretations
    of the Quran. Banking relies on an honor system, which often encourages
    fraud and non-payment. This can hinder the growth and stability of the
    economy.

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