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Loans secured by shares could be financed nearly five years although loans secured by Share Certificates are payable upon maturity on the certification, and will be renewed When the certificate pledged as collateral is additionally renewed.
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three - The thanks day variety and automated every month payment pre-authorizations take place at enough time the loan is booked. Depending on the because of date chosen, the 1st payment day may be lower than or a lot more than 30 days from funding.
Interest is any increment gained about and previously mentioned the repayment of the loan amount. It is not permissible According to Shariah.
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