17.01.2011 - Spread of Islamic banking can spur development in Muslim countries
From Dailytimes.com.pk: There is evidence of close correlation between financial sector development and growth. Countries whose financial systems offer a variety of services—including banking and insurance— tend to grow faster. Banks, whether Islamic or traditional, play fundamental economic role as financial intermediaries and as facilitators of payments (King and Levine, 1993). They also help stimulate saving and allocate resources efficiently..............................................Full Article: Source
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