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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

Syria issues amendments to banking law

Posted on 06 January 2010

From Menafn.com: Syrian President Bashar Assad has issued a new law amending some articles of a previous banking law, Damascus-based Al Thawra daily reported.

The new amendments set the minimum capital of a newly licensed conventional bank at $219.5 million and the minimum capital of an Islamic bank at $330 million, the paper said citing the new law…………………………………….Full Article: Source

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