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Islamic finance could be an answer to global economic problems

Posted on 07 May 2010

From Albawaba.com: Adopting Islamic finance practices could lead to a more equitable global economic system, an Islamic finance expert told an AUB audience. Sheikh Zaher Nsouli, chief of Sharia audits at the Lebanese Islamic Bank, added that methods applied in Islamic institutions could help prevent future economic meltdowns.
Nsouli, in the talk “Islamic Finance in the Midst of the Meltdown Crisis,” held at AUB’s Suliman S. Olayan School of Business, praised the Islamic Zakat system where a 2.5 percent of all revenue is continually redistributed to the poor……………………………………..Full Article: Source

 
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