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Islamic finance is now the buzz

Posted on 21 May 2009

From Manilatimes.net: While the financial meltdown may have painted a universal picture of gloom and doom in the conventional banking arena, on the fast growing Islamic finance (IF) front the mood is one of cautious optimism.

It is generally felt that Islamic banks adhering to the sharia banking code have weathered the financial crisis with commendable fortitude because of its practice of staying away from investing in toxic assets that have taken such a heavy toll on the global banking system…….Full Article: Source

 
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