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What is Islamic Banking Growth and Strategies about?

Islamic banking has grown tremendously since emerging in the 1970s, with global assets reaching $750 billion expected to hit $1 trillion by 2010. Islamic banks act as financial intermediaries, taking deposits and making financing investments, but do not pay or receive interest due to religious prohibitions. Instead of interest-based deposits and loans, Islamic banks use profit-sharing investment accounts and asset-backed financing. Regulations like Basel II establish capital adequacy requirements to ensure

Author

xymaan

Language

EN