The growing importance of Islamic finance in the global financial system

The growing importance of Islamic finance in the global financial system

Speech

The growing importance of Islamic finance in the global financial system

Remarks by Mr Malcolm D Knight, General Manager of the BIS, at the 2nd Islamic Financial Services Board Forum, Frankfurt, 6 December 2007.BIS speech | 10 December 2007by Malcolm D KnightAbstractAlthough there are differences between Islamic banking and "conventional" banking, there are some fundamental principles that apply equally to both.

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