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Islamic Finance Briefing - Categorized | Finance, Investment more

Credit crunch may spur Islamic finance

Posted on 28 October 2008

From Theage.com.au: The fast growing Sharia financial system may receive a further boost as an alternative to capitalism amid the credit crunch and banking crisis, Islamic academics and clerics believe.

Already said to be worth $US300 billion ($A498 billion) and expanding at 15 per cent a year, the Islamic system forbids the levying or payment of interest, preferring shared ownership and splitting of profits….. Full Article: Source

 
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