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Is Islamic finance collapsing in Germany?

Posted on 23 August 2012

Islamic finance in Germany has, to the greatest possible extent, remained unsuccessful. A working paper from the Stresemann Foundation now shows that internal barriers especially are determinative.
In the first place, Muslim immigrants are low-income and demonstrate little investment potential, because of having less formal education and because Muslim women often have no gainful employment. For another thing, the system of sharia scholars leads to problems due to nebulous legal practices………………………………………..Full Article: Source

 
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