Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Strong Year for Islamic Lending for Gulf Banks
Banks in the six-nation Gulf Cooperation Council can thank turbulence in the world’s bond markets for spurring Islamic lending to the highest in three years. Loans that comply with Islam’s ban on interest in the GCC, which includes Saudi Arabia and the United Arab Emirates, have risen 22 per cent…
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Click here to read the full story: Business Week ME