Response to Inceif‘s Accusation of CAP
We refer to the Global University of Islamic Finance (Inceif) accusation that CAP’s claim that Islamic personal loans offered by banks are a rip-off is baseless. On 16th December 2013, CAP had made a press statement that a loan with an effective profit rate of 42% was a rip-off. We regret that Inceif has itself made a baseless statement against CAP for it has not refuted any of the...
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