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Lebanon seeks to amend Shariah banking law

Posted on 09 November 2010

From Bloomberg: Lebanon, where Muslims make up more than half the population, is considering legislation to boost Islamic finance after the industry failed to garner 1 percent of total banking assets.
The central bank is working with a group of local lenders to amend a 2004 law that allowed the establishment of Shariah- compliant banks, First Vice-GovernorRaed Charafeddine said………………………………………Full Article: Source

 
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