10.10.2012 - Global Islamic finance matures and grows
As banking in line with Islamic law matures, partnerships not rivalry feed the industry’s growth. According to global consultancy Ernst and Young, there are more than 390 Islamic banks and financial institutions based in 75 countries. The Emirate of Dubai will soon have a new player in the field of banking in line with Islamic law or Shari’ah. Earlier this month H. H. Sheikh Maktoum bin Hasher Al Maktoum, executive chairman of the United Arab Emirates’ (UAE) oldest investment bank, Shuaa Capital, said that his bank applied for an Islamic banking license. “We plan to launch Islamic banking in Q-1 of Y 2013.”..............................................Full Article: Source
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