17.02.2011 - Bahrain has no plans to shut Islamic units of commercial banks

From Arabianbusiness.com: Bahrain, the Middle Eastern country with the largest number of Islamic banks, has no plans to shut the Islamic units of commercial banks, said Abdul Rahman Al Baker, executive director of financial institutions supervision at the Central Bank of Bahrain. “We are allowing Islamic lenders for a long time,” he said in said in Abu Dhabi on Wednesday. “Conventional banks add value to Islamic banking.”.............................................Full Article: Source

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