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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Russian-led Development Bank plans to expand Islamic financing

Posted on 22 February 2012

Igor FinogenovEurasian Development Bank, a Russian-led lender backed by six former Soviet republics, wants to expand Shariah-compliant financing after helping arrange a deal last year, Chief Executive Officer Igor Finogenov said.
“Islamic finance is an opportunity for us to enter new credit markets,” Finogenov told reporters in Moscow today. “We hope it will allow us to diversify our liability base.”……………………………………….Full Article: Source

 
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