Islamic finance and Britain’s economic recovery from COVID-19

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Islamic finance and Britain’s economic recovery from COVID-19

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ISLAMIC finance has an important role to play in supporting Britain’s recovery from COVID-19, according to the Bank of England, as the lender becomes the first Western central bank to release a Sharia-compliant, non-interest based deposit facility. Andrew Hauser, executive director of markets at BoE, said the facility, in which deposits from Islamic banks will […]

Islamic finance and Britain’s economic recovery from COVID-19
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