Islamic banking grows, with all sorts of rules

Article Abstract:

The banking industry of the Middle East is growing with considerations for certification under Islamic religious law. The industry lacks a unified Islamic banking authority although several competing associations are working on new regulations concerning Islamic financial accounting, lending standards and bank governance. Bank Al-Jazira has soaring profits, having approximately doubled net income from 2004 and also displays a plaque that announces the bank is in strict adherence to Islamic religious laws.

Commercial Banks, Legal issues & crime, Government regulation (cont), Government regulation, Saudi Arabia, Legal/Government Regulation, Middle East, Industry Overview, Interpretation and construction, Economic aspects, Laws, regulations and rules, Company financing, Islamic law, Bank Al-Jazira

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Turkey Appoints Team to Manage Economic Crisis

Article Abstract:

Turkey has appointed a new economic minister, Kemal Dervis, to lead the country out of its economic turmoil. The government has organized a group of internationally respected businesspeople to create a new economic strategy.

Government domestic functions, Economic Programs-Total Govt, Administration of Economic Programs, Economic policy, Political aspects, Economic development, Portrayals, Dervis, Kemal

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Financial markets sink in Turkey amid bank crisis

Article Abstract:

Despite efforts by the International Monetary Fund's program to hedge economic troubles in Turkey, the country's market continues to plummet while its central bank faces crisis.

Securities and Commodity Exchanges, Security and commodity exchanges, Securities Exchanges, Statistical Data Included, Conferences, meetings and seminars, International Monetary Fund, Exchanges, Securities industry

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