28.11.2011 - Libor alternative opens door for Islamic finance
US and European brokerages are poised to capitalise on growing Middle Eastern and international demand for Islamic finance products as the market enters a new phase of development. The Middle East reached a milestone last week when a group of 16 local banks, in partnership with data vendor Thomson Reuters, launched the Islamic interbank benchmark rate the first standardised interbank lending rate in the Middle East..............................................Fll Article: Source
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