On 19 July 1937, the Royal Assets Structuring Act of 1936 became effective.
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The high risks, lower profits and short-term asset structures linked to banking according to Islamic law were highlighted Monday at a conference seeking ways to make the system practical within the global financial structure.
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The Royal Assets Structuring Act has been amended twice : the second amendment ( 1941 ) took effect on 7 October 1941 and the third amendment ( 1948 ) was promulgated on 18 February 1948.
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