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Europe can learn from Islamic finance, says Luxembourg’s Finance Minister

Posted on 20 October 2011

Europe can learn and gain from Islamic finance, given that financial institutions under it, have remained stable against the backdrop of the eurozone debt crisis.
This observation was made by Luxembourg’s Minister of Finance, Luc Frieden, in a keynote address at the IFN 2011 Issuers & Investors Asia Forum here today. Frieden said despite the credit crunch that has impacted Europe’s banks, Islamic financial institutions had weathered the global crisis and emerged to be the most well managed……………………………………….Full Article: Source

 
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