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Westpac trade deal courts Islamic investors

Posted on 15 February 2010

From Stuff.co.nz: Westpac is poised to bolster its exposure to the fast-growing Islamic finance market by offering a commodity-trading facility aimed at overseas investors that operates under the principles of Islamic law.

Islamic finance prohibits the earning of interest. Instead, there is a focus on profit-sharing based on buying and selling tangible assets such as property…………………………………Full Article: Source

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