Posts tagged with ‘islamic development bank’


Research Report on Islamic Banking, Part 1

December 2, 2009

Islamic banking is a new phenomenon that has taken many observers by surprise. The whole banking system has been islamized in both Iran and Pakistan. In addition, there are some thirty Islamic banks in operation in other parts of the globe, including the Jeddah-based Islamic Development Bank (IDB). What is more, the speed with which Islamic banks have sprung up and the rate at which they have progressed make it worth-while to study them systematically.

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