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Italian governor calls for greater understanding of Islamic finance

Posted on 12 April 2013

The “opportunity to attract foreign capital to underpin economic progress” makes it “increasingly important” for Italy to equip itself to interact with Islamic financial systems, according to Bank of Italy governor Ignazio Visco.
In his welcoming address to a seminar organized by the Islamic Financial Services Board and hosted by Banca d’Italia on the subject of Islamic finance, Visco repeated a question asked at a recent conference by Amartya Sen: “How is it possible that an activity that is so useful has been viewed as morally so dubious?” Visco said what is most important is to “focus on the link between financial transactions and underlying assets.”……………………………………….Full Article: Source

 
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