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Islamic finance system ‘may benefit Guernsey’

Posted on 22 February 2010

From BBC: A Guernsey investment expert believes the island could benefit from adopting an Islamic finance system. The asset-based system avoids most speculative investment and borrowing. The bank and investors involved share the risks and rewards.

Toby Birch, from Birch Assets Ltd, said it was similar to a system adopted at the end of the Napoleonic war……………………Full Article: Source

 
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