A Reduced Interest Rate to a Minimal 0

question 41

True/False

A reduced interest rate to a minimal 0.1% is not prohibited in Islam since it is not considered an excessive interest rate.

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Definitions:

Partnerships

A business structure where two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Net Investment

The total amount spent by a company or economy on capital assets, minus depreciation.

Fixed Investment

Expenditure on physical assets like buildings, machinery, and equipment by companies that will be used for more than a year.

Information Processing

The series of actions or steps taken to acquire, manipulate, store, and disseminate information.