June 24, 2010
This pig will never fly, no matter how much lipstick they put on it: Sharia-compliant banking products a ‘huge flop’ in Britain Junaid Bhatti, part of the team that set up Islamic Bank of Britain, the first Sharia-compliant bank approved by the Financial Services Authority, says that the sector has been a big disappointment. “As [...]
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May 23, 2010
Hey, Dubai, how’s that shariah compliant finance going? Dubai World restructures $23.5 billion in debt The shell game that is shariah compliant finance is coming to an end, “Dubai World reaches $23.5b debt deal with banks“: Government-owned conglomerate Dubai World said on Thursday “headline economic terms” have been agreed in principle with its financial creditors [...]
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