Standard Chartered Bank launches first Islamic Euro Nostro Account

The industry's first Islamic Euro Nostro Account has recently been launched by Standard Chartered Bank. It will allow Islamic banks across the world to earn profits on their account balances, respecting the general rules of Murabaha. Bank Alfalah Limited from Pakistan was the first bank which has signed an agreement with Standard Chartered Bank.

See more under: http://www.thenewstribe.com/2012/10/02/standard-chartered-bank-launches-...

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