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Faith diary: Banking on Sharia

Posted on 10 March 2009

From BBC: Among the ruined reputations of the financial world, there is one banking system that has emerged claiming the moral high ground. Islamic finance - which rules out the payment of interest - largely avoided the risky investments and trading of debt that prompted the credit crunch.

Banks offering Sharia-compliant accounts and selling Islamic mortgages say they are reaping the benefits. …. Full Article: Source

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


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