No products in the cart.

Day: January 16, 2014

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...
Read More