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UAE launches initiative for global legislative framework for Islamic Finance

Dubai: The UAE on Wednesday launched a new initiative to create a unified global legal and legislative framework for the Islamic finance sector.

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Governor of the Islamic Development Bank for the United Arab Emirates, announced the launch of the new initiative that will be developed through a strategic partnership between the Ministry of Finance, the Islamic Development Bank (IDB) and the Dubai Islamic Economy Development Centre (DIEDC).

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