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Islamic Microfinance – An overview
Micro-finance as a means of offering basic banking and small loans to those typically unable to gain such services in the mainstream finance markets was pioneered by Bangladeshi economist Dr. Muhammad ... |
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The Question of Interest
The word “interest” refers to the fixed increase demanded over and above a sum of loan. At first sight, there does not seem to be any difference between it and rent. However, a deep deliberation r ... |
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Luxembourg is emerging as important domicile ...
THE governor of the Banque centrale du Luxembourg, the central bank, Yves Mersch, has called on European banking authorities to familiarize themselves with Islamic banking and stressed that the curren ... |
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BNM may allow 2 foreign banks
Awang Adek Hussin, deputy finance minister of Malaysia, speaking on the sidelines of the Islamic Financial Planning and Wealth Management Conference in Kuala Lumpur in November 2009, confirmed that tw ... |
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GE Capital Completes First Sukuk Offering of ...
GE Capital, the finance arm of General Electric announced the completion of its inaugural "sukuk" Islamic bond issuance tailored for investors across the Middle East, Asia and Europe. The five-year US ... |
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