Sun, Jul 23, 2017
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Arab experts pitch for Islamic banking in India

Posted on 05 February 2010

From Economic Times: With the global financial crisis putting the spotlight on “casino capitalism” of the West, leading scholars and experts from the Arab world on Thursday pitched for interest-free Islamic banking as a solution and its introduction in India, home to the world’s largest Muslim minority.

Tracing the genesis of the global meltdown to “greed and unscrupulousness” of financiers and speculators in the West, Umar Chapra, adviser Islamic Development Bank, Jeddah, said the crisis resulted from “excessive and imprudent lending.”………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
July 2017
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930
31