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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Call to promote Islamic economies as alternative to financial order

Posted on 02 May 2013

At a time when the world economy in general and the European economies in particular are deteriorating and their financial crises are far from over, scholars had better focus on Islamic economics as the best alternative to the ailing international financial order.
Khalid Hilal Alyahmadi, Chairman, Amjaad Development, said, “As the global economy continues to struggle amid one of the worst financial crises in recent history, the call for an alternative way of conducting financial activity has progressively become louder. In an interconnected world, the financial markets have become somewhat of an international casino for the elite, where millions are made and lost in a zero sum game, paying scant attention to the disastrous effects these speculative activities have on society”………………………………………..Full Article: Source

 
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