Islamic banking


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Islamic banking

A form of ethical investments bound by the precepts of Islam, particularly the prohibition of interest payments.
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The study indicates that rural markets, SME, agriculture and microfinance sectors have got huge financing needs and are potential markets for Islamic banking.
The prospects of Islamic banking are very promising in the UAE on significantly high growth rates of total Islamic banking assets, according to a report by the Dubai Chamber of Commerce and Industry based on a recent study by Ernst & Young.
Overall, 48% of the poll's respondents have heard of Islamic banks in their country but only 8% of those who have taken a loan in the past year from or have an account at a formal financial institution identified themselves as current users of Islamic banking services.
He pointed out that it is still early to assess the Islamic banking experience in the Sultanate.
Islamic banking assets with commercial banks in the GCC reached $ 445 billion at the end of 2012, up from $ 390 billion in 2011, with the outlook for the industry remaining relatively positive in 2013.
Byline: AlHuda Centre of Islamic Banking and Economics is privileged to organize five
Syrian Islamic Banking Witnesses Growth; Enjoys Government Support
5 percent indicate that all westerners are not right and such an Islamic banking system sees no obstacle, posed by Islamic rules, on the line of Islamic banking development.
This set is an all in-one learning package for anyone interested in Islamic banking and finance, bringing together the core textbook Introduction to Islamic Banking and Finance, The Islamic Banking and Finance Workbook and Case Studies in Islamic Banking and Finance.
Emirates Islamic has today announced the launch of the Islamic Banking Index by Emirates Islamic, a consumer focussed survey on Islamic banking in the UAE.
Islamabad -- Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with FPCCI Standing Committee on Islamic Banking and Takaful organized a seminar on Islamic banking which was attended by a large number of business community, says a press release.
KARACHI -- "The extensive KAP Study of the State Bank of Pakistan established the demand for Islamic banking at all level but at the same time revealed the lack of awareness not only among ordinary people but even among qualified and educated groups.

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