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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Vatican says Islamic finance may help western banks in crisis

Posted on 05 March 2009

From Bloomberg: The Vatican said banks should look at the rules of Islamic finance to restore confidence amongst their clients at a time of global economic crisis.

“The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service,” the Vatican’s official newspaper Osservatore Romano said in an article in its latest issue late yesterday….. Full Article: Source

 
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