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Financing on faith: The rise of Islamic finance

Posted on 26 March 2012

Tim ClarkOn the surface, the Islamic finance industry in the Gulf has never been healthier. When Emirates Airline looked at the markets last year to secure financing for yet another tranche of new aircraft, it decided against its traditional option; the European banks.
“We were kind of planning for finance from European banks, but it’s just a bit difficult now,” Emirates president Tim Clark told Reuters in November. “We still have the Islamic finance market to go with, and other funding options are always open for us.”……………………………………….Full Article: Source

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