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Islamic banking no different from Western model

Posted on 21 December 2010

From Freemalaysiatoday.com: Islamic banking is Western banking in disguise and made to appear halal. All calculations on returns on investment to ensure profitability are based on ‘haram’ interest rates.
But if it helps to fool oneself to alleviate one’s conscience, why not? It is like a Westerner placing a dish cloth and rubber tyre on his head to make himself an Arab……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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