14.03.2012 - Asean: Islamic banking crucial to trade
Islamic banking may play a vital role in Asean trading, especially for the Philippines, which has good business relationship with Indonesia and Malaysia. Islamic banking is a system that is based on the principles of Islamic law, also known as Shariah, and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest...............................................Full Article: Source
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