Though the article linked below tries to spin the news as favorable, ABC Islamic Bank’s net profit for the first quarter plunged to $1.8 million this year, down from $5.6 million last year. Net income was down substantially as well. It is typical of news media in Islamic nations to attempt to make bad news appear favorable when it comes to Shariah-Compliant Finance…

http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=277896

 

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