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The developments that have taken place in Islamic banking are need-based and not planned or structured, as is necessarily the case because there is no central body to oversee the growth of business. This has given rise to several inconsistencies and issues affecting the quality of Islamic banking. One of the main concerns is the strictness with which the rules of Shariah are applied. The way in which products are structured and marketed may possibly have an impact on the quality of earnings generated by Islamic banks....Read more
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