14.05.2013 - Islamic banking needs separate regulations and reporting standard
Central banks of the Islamic countries have been urged to adopt a separate set of regulation including a complete new Islamic Financial Reporting Standard to reduce confusion among Muslim scholars, Islamic bankers said at a two-day conference. They have also urged the regulators to develop an Islamic Inter-bank offered profit rate to benchmark their rates and reduce dependence of the conventional interbank offered interest rates...............................................Full Article: Source
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