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Bank Negara: Islamic financing rebate is mandatory

KUALA LUMPUR, June 25 Bank Negara has ordered sharia banks to give borrowers a rebate for early settlement under new rules designed to prevent legal disputes and restore confidence in Islamic financing contracts. The ruling from Bank Negaras sharia advisers will standardise the use of rebate, or ibrar, in bai bithaman ajil and murabaha …


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Bank Negara: Islamic financing rebate is mandatory

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