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From Indiatimes.com: State Bank of India (SBI) has said it is losing out on banking opportunities in the Middle East because of the absence of regulations on Islamic banking in India.
The Middle East is seen as a big market for such products, given the wealth in the region. Islamic banking entails carrying out banking activities in accordance with the tenets of the Islamic law (Sharia)……………………………………….Full Article: Source
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Lack of Shariah norms hurts India’s top bank’s West Asia growth
| Posted on 03 March 2010 |
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