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Islamic finance starts to feel the force

Posted on 20 May 2011

Dr. Sri Mulyani IndrawatiWhen Dr. Sri Mulyani Indrawati, managing director of the World Bank claimed that “Islamic banking was a priority” for the bank, it showed that the industry is starting to gain credibility even at the top table of global banking. However it is a big ask for the industry to take the leap from what is fringe to mainstream.
Fundamentally, many Islamic institutions are prudently run - whether this is a direct result of Shari’ah compliance and its inbuilt prohibition on some of the more high-octane elements of casino capitalism, or whether Islamic bankers are a cut above is a hugely moot point………………………………………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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