From Smh.com.au: Malaysia’s outspoken ex-prime minister Mahathir Mohamad has blamed Western lending practices for the world’s financial problems and hailed Islamic banking as a “superior” model. Mahathir said that the 2008 global financial crisis was sparked by excessive lending by western banks.
Islamic banks, in contrast, are constrained because every deal needs to be backed by a real asset under the principles of sharia law, he said……………………………………….Full Article: Source