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Conventional, Islamic finance can co-exist: Economists

Posted on 15 November 2011

Conventional and Islamic finance may co-operate or even compete to produce the best outcome for common projects such as the provision of cheap banking for the world’s poor or for investment in environmental undertakings, say two eminent economists.

Ajit Singh, Emeritus Professor of Economics at the University of Cambridge, UK and Tan Sri Andrew Sheng, president of Hong Kong-based Fung Corporation, said at a public lecture here today that co-operation between these two systems is not only feasible but also desirable………………………………………Full Article: Source

 
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