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Islamic Banking - Growth and Prospects
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Posted on
Nov 20 2008 5:35 AM
by
adeal
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Imagine a bank that embarks in partnership and shares risk with customers - a bank that does not charge interest, and uses capital derived from deposits and profits to engage in ethical investment such as education and infrastructure development. It may sound Utopian, but these are just some aspects of Islamic banking, founded on the principles of Islamic law or Sharia. What is more peculiar, though not surprising, is that during a time when the world's largest banks and financial institutions.
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