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The collapse of capitalism and Islamic banking

Posted on 16 December 2008

From Aawsat.com: It is expected that many Muslim countries, which had fast-growing economies, will suffer [from the global financial crisis] and experience a decrease in growth, which will have a negative effect on their development projects.

There is no doubt that the consequences of this crisis and the subsequent impacts on the Islamic countries mean that those rejoicing at the crisis should reconsider their position, and use a more rational and realistic discourse, especially that we have not witnessed the collapse of the capitalist countries or the disintegration of the capitalist system. …. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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