Is Dubai’s ambition to be a hub for sharia-compliant finance realistic? Orlando Crowcroft finds some optimism, though there is a need for trained financial advisers.
The announcement at the start of the year from Dubai’s ruler, Sheikh Mohammed bin Rashid, that he wants to turn the emirate into a world capital for Islamic finance may have raised eyebrows in the global business community. Talk is cheap, after all, and new initiatives ten-a-penny since the global recession took an axe to the United Arab Emirate’s breakneck economic growth………………………………………..Full Article: Source