16.11.2012 - Great potential for Islamic finance in Egypt
While it was suggested that the Egyptian government stands to gain from developing Islamic finance and meeting it ambitious target, it does face significant challenges. New regulatory structures would be needed and the proposed incentives would require significant capital that the government currently does not have. Added to that, the traditional banking sector is doing well, so it may be tough to get the religiously motivated reforms implemented...............................................Full Article: Source
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