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Scotland ‘could be Islamic and ethical bank hub’

Posted on 22 February 2013

Scotland has the opportunity to become a global “ethical finance hub”, says the expert panel convened in Edinburgh by law firm Tods Murray and the Islamic Finance Council UK. The IFC Ethical Finance Round Table, which has attracted senior representatives from government, financial services, academia and the voluntary sector, aims to “bring together Islamic and ethical banking as the bedrock to a systemically stable and prudent banking sector”.
Islamic finance seeks to avoid the payment of interest on loans, preferring partnership, profit and risk sharing, and it also shuns certain types of investment………………………………….Full Article: Source

 
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