Small Businesses
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Present Account is an example of a non-remunerative checking account. The money deposited in such account is considered ‘Qard’ (Non-interest bearing loan). The cash is invested in the fund by the financial institution. Bank makes use of the money to spend money on Ijarah, Murabaha, Diminishing Musharakah, Salam, Istisna and so forth. The cash is payable on demand. The time it takes …