HRK
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Hammad Bhai everything from Sukook to Ijara is the same as Debt Financing to Lease Financing; interest is replaced with a 'penalty' or an 'agreed upon payment' tou difference kiyaa hovaaa ?
have you read term of Ijarah..... penalty is prohibited in Islam....bank do not add that amount in their Income......there is a system in place in all Islamic banks in Pakistan to check this......
To my understanding people get confuse because Islamic bank charge the same amount of profit which conventional banks charge.....
dear I would recommend you to read Mufti Taqi Usmani books of this subject "An Introduction to Islamic Financing" it mostly deals with the principles and mode of Islamic financing and their difference from general form of financing.........