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Definition of

base currency

Currency & Exchange

way of expressing income from investment the currency used for measuring the return on an investment, usually the currency of the country in which the investment is made

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    At a time when the global Islamic finance industry is gaining increasing acceptance from both Muslim and non-Muslim investors, many challenges emanating from the lack of harmonization have yet to be overcome. The fact of the matter is that the Islamic financial market is still witnessing inconsistencies in nomenclature from one region to another, with certain products considered as halal (permissible) by some scholars and declared haram...

Definitions of ’base currency’ and meaning of ’base currency’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’base currency’ and other financial terms with our online QFINANCE Financial Dictionary.

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