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Korean Banks to tap oil money via Islamic finance

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Korean regulators are seeking to revise laws to help local banks and brokerages tap the fast-growing Islamic financial market. The Financial Services Commission is planning to develop ways to allow local firms to trade Islamic financial products by next month. It will hold a seminar on Islamic finance with the Islamic Financial Services Board, a Kuala Lumpur-based standard-setting organization, in Seoul next January. ....
 
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