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Interest-Free Loans in Nigeria: The Future of Ethical and Inclusive Finance | #interest Free Loans in Nigeria 2025–2026

Interest-Free Loans in Nigeria: The Future of Ethical and Inclusive Finance

Interest-Free Loans in Nigeria: The Future of Ethical and Inclusive Finance

An interest-free loan, sometimes referred to as a Shariah-compliant loan, operates without charging or paying interest (riba). Instead of earning profit through interest, Islamic financial institutions share risks and rewards with borrowers.