Islamic banks market themselves as the panacea to the world’s ailing economy; but are a set of prohibitions enough to make the financial world a better place? Many Islamic banks saw the financial crisis as the ultimate marketing opportunity. While banks in the western world were steeped in scandal, Islamic banks could present themselves as the opposite and tempt weary consumers through their doors with promises of fairness, transparency and morality.
The trouble is, consumers have heard this all before. Lehman Brothers’ lured investors with their respected code of ethics, which it claimed was to “help maintain a culture of honesty and accountability”………………………………………..Full Article: Source