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Looking at Islamic banking in its proper context

Posted on 27 March 2012

The Muslim Consumer Association of Malaysia (PPIM), in a press statement dated Feb 12, criticised banks “who use the name ‘Islam’ in efforts to promote and sell their respective products when in reality they still oppress and use methods contrary to Islamic law”.
The Association of Islamic Banks in Malaysia (AIBIM) countered that “all Islamic banking institutions in Malaysia operate in accordance with syariah values and are well regulated in compliance with high standards …”……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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