Dr. Ahmad Mohamed Ali al-Madani, president of the Islamic Development Bank Group, recently addressed the World Leaders Forum at Columbia University and said Islamic banking does not need to be adopted as a whole, but that “elements of Islamic banking be considered when creating the new international financial order.”
His comments followed an introduction by Jeffrey Sachs [pictured right], director of the Earth Institute, at the school who wryly commented that: “I say with mild envy, but mostly admiration, that the [IDB] is a AAA-rated organization, something we can no longer say about the United States Treasury.”………………………………………Full Article: Source