ISLAMIC BANKING LESS than a decade ago was little more than a financial backwater limited to those who wanted to conduct their business in line with their religious principles and were relatively unconcerned about the terms they were offered if Shariah principles were adhered to.
There was virtually no pressure on providers to compete with the services on offer from conventional financial institutions so, with a few exceptions, the bankers involved in this sector did little to set the world alight.
The change has been dramatic.
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