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Egypt’s Salafis seek removal of non-Islamic banks: Arab Credit

Posted on 07 December 2011

Egypt’s Salafi Islamists, who took a surprise second place in the first round of parliamentary elections, seek the gradual removal of non-Islamic banks and an eventual end to foreign borrowing.
The Nour party, which follows a strict interpretation of Islamic law, will push for an expansion in Shariah-compliant lending to help the ailing economy reach “unprecedented” growth levels. Gross domestic product grew 1.8 percent in the fiscal year through June, the slowest in at least a decade………………………………………..Full Article: Source

 
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