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TAKING SHARIAH-COMPLIANT FINANCING INTO THE MAINSTREAM

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Qatar Islamic Bank, whose European subsidiary, European Finance House (EFH), recently received Financial Services Authority approval to operate as an Islamic investment bank in the UK. In Europe, EFH will provide a range of Shariah-compliant investment products including corporate financing, asset management and advisory services. Currently, assets controlled by Islamic banks at the global level are estimated to be in the region of $200 billion to $500 billion and growing at a rate of 10% to 15% per year.

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