From Khaleejtimes.com: Islamic finance has withstood the negative impact of the global financial crisis, proving its resilience, effectiveness and relevance to the global financial industry, said Farhan Al Bastaki, Executive Director for Islamic Finance at the Dubai International Financial Centre Authority.

While the world has been searching for an alternative to the conventional banking system deeply impacted by the global financial crisis, few have realised that a more stable, asset-backed and efficient system already exists, he said at a meeting of Shariah Advisory Panel of the International Islamic Financial Market, or IIFM — a body comprising 47 Islamic finance institutions from across the world…………………………………….Full Article: Source