2009/10/8 <anish.moham...@gmail.com> > Co-existance of islamic ( this definition is gray area) with normal banking > exists in some european countries, I believe there is even a few operating > in US (according to report). >
I'm aware of co-existence to the extent that they are available, but are they also covered by regulations, deposit insurance etc.? Are there for example, different capital adequacy norms for Islamic banking? And as I understand it, any form of insurance is against Shari'a. Kiran
