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World's Largest Islamic Banking System Sees Hope in Iran Accord

Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.

Sanctions and loose monetary policy under former President Mahmoud Ahmadinejad led to the highest level of bad loans in the Middle East after Libya and Yemen, the latest International Monetary Fund data show. An end to economic isolation would allow some banks to tap foreign funding and bolster government revenue enough to rescue troubled institutions.