Exporting Islamic Banking From The Middle East _7

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further market entry and practice of Islamic finance. For example: In the UK, the Finance Act 2003 introduced relief to prevent multiple payment of Stamp Duty Land Tax on Islamic mortgages. In Malaysia,Home Sauna units|10% - 70% Discount, the Government Investment Act 1983 was enacted empower the Government of Malaysia to issue Government Investment Issue (GII), which are government securities issued based on Sharia principles. By training employees to become familiar with the laws specific to each country, Middle Eastern financial institutions will ensure success when taking their products and services abroad. Final Word Financial institutions located in the Middle East will benefit from the growing Islamic Banking industry by exporting Sharia compliant products outside of the region. Due to Islamic Bankings global presence,http://homesaunaunits.webs.com/home-saunas-for-sale, growing acceptance,http://homesaunaunits.webs.com/home-sauna-prices, ease of exportation,http://homesaunaunits.webs.com/home-steam-sauna-units, steady market and strong ethical foundation, exporting Islamic Banking outside of the Middle East will continue to be a prosperous venture for financial institutions throughout the world