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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Islamic banking extends beyond the Middle East

Posted on 10 January 2011

From Kippeport.com: The Islamic finance industry has started to gain major momentum outside of the Middle East. As more financial institutions begin to introduce Sharia-compliant banking products and services, the growth of this market segment provides a new opportunity for financial institutions located in the Middle East to export their business outside of the region to serve the more than 1 billion Muslims living worldwide.
For instance, just a couple of months ago, the Central Bank of Malaysia announced that before the end of 2010 it would issue a license to a new Islamic bank, jointly established by institutions from the Middle East and Asia……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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