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Islamic finance to boom in ASEAN: Mahathir

Posted on 08 December 2010

From Channelnewsasia.com: Former Malaysian Prime Minister Dr Mahathir Mohamad has blamed Western lending practices for the financial crisis of 2008. Dr Mahathir said that Shariah-compliant lending can succeed where the West has failed.
And ASEAN, he said, is one place where Islamic finance will boom. The Islamic finance industry globally has been growing at a rate of 15 to 20 percent……………………………………….Full Article: Source

 
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