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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Emerging Trends, Funds more

Luxembourg is emerging as important domicile for funds, sukuk

Posted on 23 November 2009

From Arabnews.com: The governor of the Banque centrale du Luxembourg, the central bank, Yves Mersch, has called on European banking authorities to familiarize themselves with Islamic banking and stressed that the current needs of Europe’s 38 million plus Muslims and those interested in faith-based ethical finance have “not yet appropriately been addressed by the conventional banking offering”.

Gov. Mersch, one of the more proactive European central bankers as far as Islamic financial inclusion is concerned, while addressing the 5th Economic Forum of the Belgium-Luxembourg-Arab Countries held in Brussels last week, said that………………………Full Article: Source

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