...........“Islamic Banking isn’t the financial system restricted for the Muslims, but an ethical system aimed to benefit the entire mankind.” Some of the leading countries including England where the Muslim population is mere 2% have accepted the Shariat-compliant banking. Interestingly, in March 2009, Vatican's official newspaper Osservatore Romano hailed the Islamic banking saying: "The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service.".............
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