Abstract
Wonder whether Islamic banks are simply disguising interest-bearing loans. Such disguises are known as ḥīlah (legal stratagem) in Islamic law. This paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of ḥīlah under various schools of Islamic law. The paper examines the use of ḥīlah by Islamic banks in their products and discusses the validity of the ḥīlah under various schools of Islamic law.
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