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Zeti: Islamic finance doesn’t need rebranding

Posted on 21 September 2012

Islamic finance does not need any rebranding with its rapid recognition across the world, says Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz. Zeti said she had been asked at several global forums on separate occasions in the past that Islamic finance be rebranded to rid it of an image of a conduit for terrorism.
“Islamic finance is based on profit sha-ring which involves risk sharing and requires high level of disclosure of information in financial transactions, hence the transparency is greater. Because of its very nature and principles, it is less vulnerable to terrorist financing than conventional banking.”……………………………………….Full Article: Source

 
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