Financial and Banking News
REGIONAL BANKING
Legality of Interest Payments Questioned in Egyptian Peoples Assembly
The first sessions of the newly elected People's Assembly in Egypt, held during the first week of May, witnessed a heated debate between the new Islamic opposition group and other members on the subject of the legality of paying interest on bank loans. The Assembly was debating the approval of a number of foreign credits when an Islamic deputy, Shaikh Yusif al-Badri,...
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