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Gulf losing edge to Malaysia on Islamic finance

Posted on 12 November 2010

From Arabianbusiness.com: From Australia to South Africa, governments are scrambling to change the law to accommodate the $1 trillion Islamic finance industry, whose avoidance of toxic debt has looked increasingly attractive since the global crisis.
But in the Gulf Arab region, birthplace of Islam and cradle of Islamic finance, governments have taken a more passive approach, which experts say is slowing the industry’s growth……………………………………….Full Article: Source

 
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