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June 29, 2007 | Islamic Banking Systems Growing and Spreading to Europe

Mainstream investment banks are pitching into the increasingly popular and profitable business of Sharia-compliant financial services, and the trend is moving to Europe. The industry has experienced annual growth of about 35 percent since the early 1990s. The consistent growth is due to the booming economy of oil-exporting states and increasing trust in structures that are both Sharia-compliant

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