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Impact of Islamic Banking on Socioeconomic development among Muslim Community: A Study at Jaiz Bank in Sokoto Nigeria. 1 SULAIMAN GARBA ABUBAKAR Email: sgabubakar1@gmail.com +2348182012007 2 BALARABE

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Research the specific Islamic banking product you are interested in.

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What is islamic banking product and?

Islamic banking products are financial instruments that comply with Islamic law (Sharia). These products avoid interest (Riba) and are based on profit-sharing, risk-sharing, and ethical investing principles.

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Individuals or entities that engage in Islamic banking activities, such as receiving or providing financing based on Islamic contracts, are required to file for Islamic banking products.

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To fill out an Islamic banking product form, gather relevant financial information, complete the required fields accurately, including details on transactions and applicable contracts, and submit it to the appropriate financial authority.

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The purpose of Islamic banking products is to provide financial services that align with Sharia principles, promote ethical investments, and support economic development without engaging in interest-based transactions.

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Required information typically includes the type of product, transaction details, parties involved, profit-sharing ratios, and compliance with Sharia regulations.

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