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Islamic Finance Briefing - Categorized | Banking more

Call for a charitable investment bank

Posted on 22 March 2010

From Business24-7.ae: A charitable investment bank (CIB) funded by voluntary interest-free loans and philanthropic investments, including donations and zakat, should be set up to help the less well-off find work and improve living standards, according to an economist in the UAE.

Dr Abdel Fattah M Farah, Economic Advisor to Ajman Chamber of Commerce and Industry (AJCCI), believes there is a great need for such a banking model………………………………….Full Article: Source

 
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