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The definition of Islamic banking business appears at first flush to be simple: but in reality it is nt so. There are four madzhabs in the Sunni branch of Islam (as opposed to the Shi'a branch) and opinions even among the four schools do vary on many aspects of the law and no one can say that one opinion is correct and the others are not. It is more a questions of choice. In the event of differences in opinion on the law applicable in respect of any particular ...