FaujHistorian
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Difference is of operations .....
.??
Minor correction.
Difference is of labels.
One is labeled Halal bank
and
the other is perceived by Islamists as
labeled to be haram bank.
Both use the same formulas to come up with short term vs. long term mark up aka interest.
The problem with Islamists is that they confuse usury with interest.
The two are different.
However every halal bank takes interest in the name of mark up fee.
peace