Raja Nazrin Shah, the financial ambassador of the Malaysian International Islamic Financial Centre, has claimed that contemporary Islamic finance was becoming increasingly disconnected from the real economy.
Shah identified three areas requiring improvements that would move the industry closer to Islamic ideals of justice and equity: an increase in level of financial inclusiveness in Muslim countries; the channeling of savings into proactive investments to create businesses and jobs, specially in the SME sector; and an intensification of R&D into financial structures that would positively impact global socio-economic conditions. ………………………………………Full Article: Source