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Islamic Finance Briefing - Categorized | Banking, People more

Syria’s Mufti, Sheikh Ahmed Hassoun on Islamic banking’s future

Posted on 26 April 2010

From Aawsat.com: Syria’s Mufti, Dr. Ahmed Hassoun edict to rename Islamic banking as “partnership” has caused an uproar in the world of Islamic finance and its followers. Dr Hassoun justifies his call for renaming them as “partnerships” by the fact that he is afraid of hearing in the future of “Jewish banks” or “Christian banks,” because now there are those who call for establishing “Hindu banks.”

In an interview with Asharq Al-Awsat on the future of Islamic banking, Dr Hassoun says: “We have to think of universality before we are taken and crushed by globalization. The banking and financial dealing is impartial and is subject to the rulings of Shariaa…………………………………..Full Article: Source

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