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Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Libyan revolution opens door for Islamic finance

Posted on 07 November 2011

Libya’s civil war devastated its economy and banking system. But the revolution has created conditions for strong growth of an industry which made little headway under former dictator Muammar Gaddafi: Islamic finance.
Announcing the country’s liberation to a cheering crowd in Benghazi last week, the head of the new government made few concrete pledges of economic policy. But one of them was to promote Islamic finance, which prohibits the lending of money for interest and other practices violating religious principles………………………………………..Full Article: Source

 
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