Some articles on banking, banking law, law:
... See also Banking and Insurance in Iran and Islamic Development Bank After the Islamic Revolution, the Central Bank was mandated to establish an Islamic banking law ... In 1983 the Islamic Banking law of Iran was passed by the Majlis ... According to this law, Iranian banks can only engage in interest-free Islamic transactions (interest is considered as usury or riba and is forbidden by Islam and the holy book of Qur’an) ...
Famous quotes related to banking law:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (18571930)