18.10.2012 - World Bank, IDB sign Islamic finance agreement

The World Bank and the Jeddah-based Islamic Development Bank (IDB) have signed a three-year agreement to share expertise in Islamic finance and study how it can help economies develop. The IDB, with 56 member countries, provides financing, loans and technical assistance for development schemes which follow Islamic principles, such as a ban on interest payments and pure monetary speculation...............................................Full Article: Source

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