Kamilah – InfoComm

Bill of Exchanged Definition: Examples and How It Works.

October 25, 2022 by Kamilah

What is a Bill of Exchange? A bill of exchange is a legal document that orders a person or entity to pay a certain amount of money to another person or entity. Who can accept a bill of exchange? The acceptor of a bill of exchange is the person who is obligated to pay the … Read more

Why is riba forbidden in Islam?

October 25, 2022 by Kamilah

What is riba in Islam, and why is it forbidden? What are the bad impacts of riba? The bad impacts of riba (interest/usury) are numerous and far-reaching. They include: 1) Increased inequality: Riba disproportionately benefits those who are already wealthy, while harming those who are struggling to make ends meet. This leads to increased inequality … Read more