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Islamic bank especial: Legal framework of Islamic finance in the GCC

Posted on 14 June 2011

The GCC region is recognised justifiably for pioneering efforts to introduce, establish and to develop Islamic banking industry in today’s world. It is well known that Islamic financial institutions in the Gulf-Cooperation Council (GCC) states are significant sources of capital and are contributing to the development of Islamic finance worldwide, especially in Asia.

The GCC is well positioned at the heart of the Muslim world to serve as an Islamic finance hub linking Europe, Asia and Africa, and the spread of subsidiaries of GCC-based Islamic banks illustrates that this is starting to happen……………………………………….Full Article: Source

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


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