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Point of View about Islamic Banking in USAI am happy to read this ’sarcastic story’ about Islamic Banking in USA. Each one has right to maintain his/her point of view but good news is that IB is growing in USA & Europe!

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By Warner Todd Huston
The Daily Record in Baltimore, Maryland recently published a story by Brendan Kearney that oddly seems to present a conflict between a bank employing Islamic Shari’ah law with its American investments and some black American borrowers and painting it as a racist issue. Sadly, the real story, that of Islamic law being imposed on American investors, is sidelined in order to pursue the race card. (Full story reprinted at BlackEnterprise.com)

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Quote of the day

"If you invest in Islamic finance products, you tend not to be sensitive to developments in interest rates." FARES MOURAD, CREDIT SUISSE

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