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Islamic Finance Briefing - Categorized | Investment, Market Moves more

Crude factor crucial in taking Sharia investments forward

Posted on 04 July 2011

The price of oil is not the only ‘greaser’ for expansion of Islamic finance. Lately, a number of countries seem to be pre-empting a social-movement-cum-change of regime as today’s ‘oil price’ facilitator for welcoming Islamic finance.

But what happens to Islamic finance when alternative energy, solar, biomass, wind, ocean, etc, becomes a viable replacement for oil, or what if the oil runs dry, or the so-called Arab street democracy reaches the Muslim Opec countries, or the anti-Sharia movements in some western countries find another boogeyman?………………………………………Full Article: Source

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


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