31.   Islamic banking follows Islamic principles which disallow the charging of interest.

32.   Islamic banking is governed by the laws of the Koran which forbid charging interest and call instead for profit or loss-sharing.

33.   Instead, Islamic banking services offer savers a share of profits made by investing the savings of the depositors in businesses that do not conflict with Islam.

34.   Islamic banking is governed by the laws of the Koran which forbid charging interest and call instead for profit or loss sharing.

35.   A committee will be set up to draw up a plan for the introduction of an Islamic banking system in the country, Sharif said.

36.   An international economic conference starting in Bahrain on Tuesday will discuss Islamic banking, emerging markets and investment opportunities as well as privatization, organizers said.

37.   Besides the Palestinian crisis, the conference will discuss ways to promote Islam, missionary activities and Islamic banking.

38.   Delegates will discuss Islamic banking, privatization, emerging markets, global trade, prospects for regional cooperation, and development of capital markets.

39.   Lebanon is to host in March a conference on Islamic banking and financial transactions, mainly to promote securitisation and boost capital market activity, organisers said Thursday.