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Islamic Finance Elevated Dimension In Banking

news Islamic Finance Elevated Dimension In Banking The New Nation Taifur Rahman : Emergence of Islamic Banking system is an elevated dimension in the banking industry for the unique and welfare oriented approach. Currently, there are over 300 Islamic financial institutions (IFI) which are specially centered in the Middle East and Southeast Asia. Europe and the United States are also concentrating to Islamic Banking as well. Indonesia, Malaysia and Iran have attained top position in the Islamic Finance Country Index (IFCI) for the year 2019. It may be cited here that there has been positive changes in the IFCI scores for almost all the countries. Sudan, Pakistan, Bangladesh, Turkey, Egypt and the UK are potential leaders in the global Islamic financial services industry. This is widely known that Islamic Banks perform better during the crisis than Conventional Banks.

Deposits held by banks in Oman grow to OMR24 billion

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SINNAD partners with Ithmaar Bank in Bahrain for cards processing

CIBAFI submitted comments to the International Financial Reporting Standards Foundation

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