23.12.2008 - Banking with zero per cent interest

From Ameinfo.com: The US Federal Reserve and the Bank of Japan have lowered interest rates to almost zero per cent. What is quite rare in conventional banking, however, is the norm in Islamic banks. But the Islamic Finance industry currently also finds itself hostage to the financial crisis. 'Fed cuts interest rates to near zero' - the latest headline triggered by the financial crisis triggered raised eye-brows throughout the world. ..... Full Article: Source

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