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Islamic finance stalled?

Posted on 07 June 2011

The $1 trillion Islamic banking industry has stalled while legal uncertainties cloud the role of sukuk (a form of Islamic bonds) as funding tools, according to top banking officials that will meet to discuss these issues in Singapore this week.
When the global crisis hit in 2008, Islamic banking was hailed as a viable alternative to conventional banking, prompting investors to search for alternative sources of finance………………………………………..Full Article: Source

 
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