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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Islamic Banking, a market with U.S. potential, hampered by politics

Posted on 10 June 2011

Islamic finance is growing, but politics, and perhaps prejudice, might be hamstringing this business in the United States.
In the past few years bills have been introduced in at least 20 states to forbid courts from invoking foreign laws in rulings. Proponents have touted the bills as a way to prevent Sharia, a code derived from Islamic law, from becoming the law of the land — a risk that many attorneys say is nonexistent. Arizona, Louisiana and Tennessee have passed “Sharia ban” laws, which critics call a way of scoring political points by exploiting anti-Muslim sentiment………………………………………..Full Article: Source

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


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