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Islamic financial services on rise, but private banks lag

Posted on 19 July 2012

Noor QuekAs demand for financial products and services that comply with Islamic law has grown in recent years, retail banks have responded, tailoring a range of Shariah-compliant products including simple checking accounts and mortgage and car financing.
But private banks have lagged, offering relatively little in terms of wealth management for Islamic customers, who want products and services that respect Islamic laws prohibiting trading in debt and collecting interest, among other rules………………………………………..Full Article: Source

 
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