For many years, an interest-free banking system was mostly discussed in books and research. Islamic banks turned that theory into functioning institutions operating in a world where many people claimed modern finance could not work without interest.
That practical breakthrough itself was a major contribution.
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Islamic Banks: What They Have Achieved
For many years, an interest-free banking system was mostly discussed in books and research. Islamic banks turned that theory into functioning institutions operating in a world where many people claimed modern finance could not work without interest.
That practical breakthrough itself was a major contribution.