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Islamic banking gaining ground around the world

Posted on 12 October 2009

From Arabnews.com: The Islamic banking and finance, which is based on profit-sharing and economic principles of the Shariah, has gained global reputation as a result of its ability to withstand the whirlwind of global financial crisis.

When the world’s largest banks and financial institutions have either collapsed or needed multibillion dollar government-funded bailouts, Islamic financial institutions stood firm without making big losses………………….Full Article: Source

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