The $1 trillion Islamic finance industry has faced some challenges with financial distress becoming the norm. Can Islamic financial institutions be any more ethical.
Welcome to another typical Dubai property gain and pain story. A working couple in the pink cold of December 2007 – resembling hordes of others sucked into real estate buying frenzy – pool in their hard-earned savings, all $55,000 of it. The sum constitutes 10 percent of a villa in the upscale Springs Community. A leading Islamic financial institution, neck deep into the local property market, happily fills in the rest……………………………………….Full Article: Source