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Libor alternative opens door for Islamic finance

Posted on 28 November 2011

US and European brokerages are poised to capitalise on growing Middle Eastern and international demand for Islamic finance products as the market enters a new phase of development.
The Middle East reached a milestone last week when a group of 16 local banks, in partnership with data vendor Thomson Reuters, launched the Islamic interbank benchmark rate – the first standardised interbank lending rate in the Middle East……………………………………….Fll Article: Source

 
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