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Legal systems struggle to keep up with Islamic finance

Posted on 19 December 2008

From BTimes: Malaysia launched the world’s first syariah interbank money market and popularised interest-free bonds to establish itself as a leading centre for Islamic finance, but its legal system is struggling to keep up.

Malaysia is not alone. Rival Middle East centres in the US$1 trillion sector are also finding that their legal systems are ill equipped to deal with Islamic finance cases as the market grows at a furious pace….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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