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Islamic Finance Briefing - Categorized | Finance, Market Moves more

East meets West to offer new financial system

Posted on 13 April 2011

Ireland could become a centre for financial investment worth billions of euro if a number of regulatory measures are brought in, a conference was told. The country could be a hub for Islamic Finance (IF), a financial system that provides products and services that comply with Sharia principles.
IF differs from western finance in several ways. Banks are not allowed to charge interest on loans, while investors cannot put money into business related to gambling, pork or pornography……………………………………….Full Article: Source

 
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