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  • Loan (with service charge),Some islamic banks provide loans with service charges. The Council of the Islamic Fiqh Academy has resolved that it is permitted to charge a fee for loan-related services offered by an Islamic bank, provided that the fee relates to service expenses.

    The service charge can only be calculated accurately after all administrative expenditure has been incurred (at the end of the year). However, it is permissible to levy an approximate charge on the client, and then reimburse/claim the difference when the actual expenses are known.

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