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The Dubai Court of Cassation has ruled that Islamic banks, finance institutions, and Takaful companies cannot charge fines or fees for late payments, citing Shariah principles and public order. The decision highlights a gap between traditional Shariah interpretations and legal enforcement, challenging long-standing practices in Islamic banking worldwide. For Bangladesh, this ruling signals the need to reassess contracts, align policies with international Shariah standards, strengthen customer trust, and ensure ethical and transparent implementation of Islamic finance principles.

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