06.12.2012 - Islamic finance faces growth challenges
A steady flow of women wearing hijabs, or Muslim head veils, enter HSBC's Amanah branch in the Malaysian capital of Kuala Lumpur during lunch hour. It's brisk business for the UK lender, which was one of the first global banks to offer Islamic finance - a field that is slowly starting to rival conventional banking in predominantly Muslim countries such as this one. Islamic finance is based on gaining profits in a socially responsible manner. Each transaction is underpinned by real trade or business activities that do not involve anything forbidden under Sharia, such as gambling or alcohol...............................................Full Article: Source
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