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Islamic banking not legally feasible for Indian system: Central Govt.

New Delhi: The Government of India has once again put in cold storage the demand of a section of the Muslim community for introducing interest-free banking system in the country.
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Global Islamic finance assets hit $1.3 trillion - study

Global Islamic assets hit $1.3 tln in 2011...
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Deutsche Bank Recognized as Best Islamic Trustee

Custodian by Islamic Finance News ...
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‘Moral leadership through ethical banking model’

The UK could show global moral leadership with a new banking model built on trust, figures in the Methodist, Muslim and Church of England communities have claimed....
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UAE says U.S. targeted only one bank over Iran

ABU DHABI (Reuters) - The United States has targeted only one bank in the United Arab Emirates (UAE), Noor Islamic Bank, over its business dealings with Iran, a UAE official said on Wednesday....
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Pakistan to host International Conference on Islamic Funds

LAHORE: Financial world is banking upon the Islamic Finance and Shariah Compliant Investment Funds, in the backdrop of the current global financial crisis, which in turn is bringing a boost to the Islamic Funds and Sukuks....
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Nigeria: Islamic Banking Will Enhance Healthy Competition, By Experts

SOME financial experts have said that the introduction of none-interest banking would bring about healthy competition in the banking sector....
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BLME Signs Islamic Banking Deal With Global Marine for Wind

Bank of London and The Middle East Plc, the London-based Islamic bank, signed a 14 million-pound ($22 million) deal to help Global Marine Systems Ltd. buy a vessel to install subsea power cables at offshore wind farms. ...
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Al Baraka's Turkish unit to issue $200 million sukuk

Bahraini lender Al Baraka Bank's Turkish subsidiary will go ahead with a $200 million Islamic bond issue in the first quarter, after delaying a sale last month due to pricing concerns, the bank's chief executive said....
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The lessons from the Goldman Sachs proposed $2bn sukuk saga

As if blue chip investment bank, Goldman Sachs International, did not have any other problems in a global financial market that is already reeling in the aftermath of the banking crisis and in the wake of the ongoing euro zone sovereign debt crisis. ...
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