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Islamic finance needs tighter regulations

Posted on 21 April 2010

From Middle-east-online.com: Islamic finance has emerged relatively unscathed from the global economic crisis but there is a need for tighter regulations and higher standards.
The Shariah finance industry, which abides by religious laws that prohibit the payment and collection of interest, is worth an estimated $800-950 billion (Dh2.9 trillion-Dh3.4trn) and expanding rapidly in the Muslim world and in the West…………………………………….Full Article: Source

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