Showing posts with label ciio. Show all posts
Showing posts with label ciio. Show all posts

Tuesday, March 13, 2012

CAMBODIA - BANKING - Financing Cambodia’s Muslims

www.phnompenhpost.com - Islamic finance could help to boost trade between Cambodia and the Middle East, as well as attract investment from Muslim-majority countries, experts said on Saturday.

Knowledge of Islamic finance and banking, which bars interest lending and discourages unfair trade advantages, is almost nonexistent among Cambodia’s Muslims, which comprise about 2 per cent of the country’s population.

But demand for halal business practices is increasing in Malaysia and Middle Eastern countries, according to insiders. (source)