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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Market Moves more

Islamic banking needs innovation

Posted on 12 December 2008

From Brudirect.com: Innovation and creativity in Islamic banking is too slow as studies show only 25 per cent of Muslims are interested in Islamic financial products and the rest has either vested interest in the conventional methods or has already invested there, said a panelist at the Islamic Finance News Forum.

The statistics show that a lot of Muslims are either doubtful of the products due to the idea that Islamic banking is new or simply unaware of its existence. Besides complying to syariah standards, most Islamic financial banks offer no remuneration, said the forum panelists, adding that this should change….. Full Article: Source

 
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