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Islamic banking takes on incumbents

Islamic banking is growing quickly, and firms are developing products that comply with Islamic law, to access a burgeoning market.

Islamic banking is growing quickly, and firms are developing Sharia-compliant products designed to challenge conventional banking.

Islamic banks want to open up markets for investors who insist on banking that conforms with Islamic law, but they also want to appeal to other investors.

Multinational banks appear equally keen to expand their offerings to access a growing market.

The BBC's Middle East correspondent Mark Lobel reports from Dubai.