sharia compliant

Cash-rich Islamic banks seek to invest in Western businesses

Islamic banks want to diversify their investments outside of the Middle East and real estate and are seeking to work with Western businesses that comply with the Shariah law.

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Britain encouraging banks to create sharia compliant instruments

Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.

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