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Islamic finance unscathed but need for tighter rules

Posted on 19 April 2010

From Btimes.com.my: Islamic finance has emerged relatively unscathed from the global economic crisis and Dubai’s turmoil, but experts say the dramas have exposed the need for tighter regulations and higher standards.

The syariah finance industry, which abides by religious laws that prohibit the payment and collection of interest, is worth an estimated US$800 to US$950 billion (US$1 = RM3.20) and expanding in the Muslim world and in the West…………………………………..Full Article: Source

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


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