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Islamic finance can alleviate suffering in Mediterranean

Posted on 11 November 2011

Reuben Buttigieg By its very nature, Islamic finance can help alleviate suffering in the Mediterranean and particularly in North Africa, Malta Institute of Management president Reuben Buttigieg said. “Microfinance will be desperately needed in the region and we must find ways to encourage various Islamic finance institutions to ensure that the necessary financing is available,”Buttigieg said.
Buttigieg stressed that Malta had a potential added role in the region. The island’s humanitarian efforts throughout the Libyan crisis could now be extended to support the provision of the necessary financing to North Africa in a Shariah-compliant manner………………………………………..Full Article: Source

 
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