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Islamic bond to be issued in UK

The United Kingdom is to become the first non-Muslim nation to issue an Islamic bond, called “Sukuk”, Prime Minister David Cameron announced at the WIFE (World Islamic Economic Forum). He also announced plans for an Islamic Index on the…

More banking scandals hitting profits

Deutsche Bank and UBS have their profits for this quarter undermined by potential legal costs in the midst of banking scandals, while Rabobank of the Netherlands is fined $1 billion by Dutch, British and American regulators over another…