From Bt.com.bn: Indonesia just hosted the third Asean annual meeting of syariah economic experts in Jakarta, raising the question as to where syariah banking is going and how to avoid the heady heights of high finance that brought down the Western banks. Or will syariah banking fly too high and make the same mistakes?
Understandably Syafii Antonio, CEO of the Tazkia Group, wants syariah banking to go global. “To develop the syariah financial system, we have to go global. And for that we need to secure our transactions under syariah law. So the meeting discussed the idea of syariah-compliant currency exchange swaps, and the possibility of an Islamic single currency to back trade.”……Full Article: Source