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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Shariah-based banking hit with Afghans

Posted on 14 October 2009

From Arabnews.com: Around 30 million people have been waiting for a full-fledged Islamic banking system in Afghanistan as they do not want to deal with interest-based conventional banks, says Alam Khan Hamdard, Islamic banking chief of Kabul Bank.

The conference that opened on Monday highlighted that Shariah-compliant financial services were increasingly becoming a part of the financial mainstream in the wake of the global economic downturn. This was emphasized by Hussain Al-Qemzi, group CEO of Noor Islamic Bank, on Monday…………………..Full Article: Source

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