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Iraq mulls new law to boost Islamic finance

Posted on 01 June 2009

From Tradearabia.com: There is huge potential for Islamic finance in Iraq, said the country‚Äôs central bank, adding that it was looking at ways to encourage the sector’s growth in response to demands from Islamic banks.

Islamic banks first opened in Iraq in the 1990s and seven of the country’s 42 banks are now Sharia-compliant…….Full Article: Source

 
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