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‘Islamic Banks in Yemen stumble between mismanagement and status quo’ said an economist

Posted on 06 January 2010

From Zawya.com: Islamic banking has the same purpose as conventional banking except that it operates in accordance with the rules of shariah. Islamic Banks operate on Islamic principles of profit and loss sharing and other approved modes of Investment.
It strictly avoids interest which is the root of all exploitation and is responsible for large scale inflation and unemployment……………………………………..Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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