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Sunday, 10 February 2008

Islamic banking avoids loan crisis



Feb 7 - Investments that compy with Islamic law could get a boost from global investors looking for easy-to-understand products.

Islamic banking has surged as more of the world's 1.3 billion Muslims demand services that comply with their beliefs and could also open doors to global investors who are reeling from the U.S. mortgage meltdown by offering easy-to-understand investments.

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