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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Islamic banking is the answer

Posted on 23 December 2008

From Gulf-daily-news.com: World Bank and the International Monetary Fund experts are studying Islamic finance to see how its principles can help them rebuild the Western financial system. That was the claim by the General Council for Islamic Banks and Financial Institutions secretary general Ezzedine Khoja.

“When financial experts are trying to explain the financial crisis and find solutions for the future they are looking for a financial model that will provide comfort and they are continually seeing that the way to achieve this involves the human principles inherent in Sharia-compliant finance,” he said…… Full Article: Source

 
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