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Islamic finance moved further into mainstream

31st December 2020: This year, Islamic finance made much headway in Bangladesh, one of the Muslim-majority nations: three more banks -- Standard, NRB Global and Jamuna -- became Shariah-compliant while the Sukuk, a bond structured to comply with Shariah law that forbids the payment of interest, made its debut.

With the three new banks, the number of fully-fledged Islamic banks will be 11.

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