WAM): As financial institutions reel under the economic crisis, over 200 Islamic scholars and banking experts will converge in Dubai in May this year to discuss the future role of Islamic banking in salvaging the global economy.
Islamic banking connotes a banking system that is consistent with the principles of Islamic Law (Sharia) which prohibits usury but encourages sharing of profits and loss. Though Islamic banks are established with the same objective of financing, they operate abiding by the principles of Sharia...continue Reading
Friday, February 6, 2009
Dubai to host conference on Islamic banking
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