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Islamic finance is unclear to many, perception continues that it’s still linked to terrorism

Posted on 04 July 2011

Islamic finance is not fully understood by most people, while some groups still claim that Sharia-compliant finance is linked terrorist financial activity, said Rushdi Siddiqui, Global Head of Islamic Finance at Thomson Reuters.

Mr. Siddiqui said that the $1 trillion sector, which he expects to reach $2 trillion within five years, has done a poor job of educating people and explaining how it differs to conventional finance“Certain prejudices and bigotry exist in many countries that still do not understand Islamic finance,” he said. “It’s a process that requires a lot of education. Christian Evangelists have said that Islamic finance is related to terrorism finance, while in parts of the United States [some] think the same.”………………………………………Full Article: Source

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