Date of Award

2003

Document Type

Thesis

Degree Name

Master of Arts in Communication Studies

Department

Communication Studies

Abstract

The entire banking systems in the western societies is based on the use of interest. The bank charges the borowers interest on its loans and pays its depositors interest on their deposits. On the other hand, the Middle Eastern banking system is an interest free system that prohibits the use of interest, either in receipt or in payment.

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