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Islamic Finance Briefing - Categorized | Banking, Market Moves, People more

Bahrain opens microfinance bank

Posted on 20 June 2012

The global economic crisis is the result of “greed” and only a selfless approach will save the world, a renowned economist has said.
Nobel laureate Mohammed Yunus, who is also founder of the world’s first micro-finance bank, Grameen Bank, said on Thursday a greedy global financial system and wrong capitalism structure were actually to be blamed for triggering the collapse. He said the micro-finance model put in place at Grameen Bank actually reflected the basic spirit of the Islamic banking………………………………………..Full Article: Source

 
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