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A common misconception is that Islamic banking isn’t truly shariah-compliant because it uses KIBOR as a benchmark. That’s not true! KIBOR is simply a pricing reference, not a determinant of whether a transaction is halal or haram. What truly matters is the nature and structure of the transaction—which in Islamic banking is riba-free and based on ethical principles. #IslamicFinance #RibaFree #ShariahCompliant | Al Baraka Bank Pakistan Ltd.
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