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Banking business under Islamic shariah framework

Posted on 01 February 2010

From Thefinancialexpress-bd.com: Worldwide assets of the Islamic banking and financial services industry are currently estimated approximately at US$1000 billion. More than 300 banks and financial institutions are providing their banking services under Islamic framework in more than 60 countries of Asia, Africa, Europe and America.

The Islamic banking system in Bangladesh started with the establishment of Islami Bank Bangladesh Limited (IBBL) in 1983. Currently, seven full-fledged Islamic banks and eleven conventional banks with their 24Islamic banking branches are providing Islamic banking services………………………………….Full Article: Source

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


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