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Islamic banking is not growing fast enough, says Noor CEO

Posted on 16 November 2011

Hussain Al QemziIf Islamic banking is to develop into a global alternative to conventional banking, the global financial industry must take responsibility for driving the sector forward and not rely on the regulators to lead the way, according to Hussain Al Qemzi, CEO of Noor Islamic Bank.
Al Qemzi said the pace of development of the Islamic finance sector was too slow and that unless industry practitioners are more willing to challenge the regulators, whether Central Banks, legal structures or Shari’ah scholars, the internationalisation of Islamic finance will continue to underperform and not reach its full potential…………………………………….Full Article: Source

 
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