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Islamic world: It is time to finance big ventures

Posted on 10 May 2010

From Gulfnews.com: The Islamic world profiled modalities of capitalism in the 8th and 9th centuries, but today’s Muslim countries’ Islamic financial hubs are missing something vital — addressing ‘have nots’ (micro-finance), and deploying the funds of ‘haves’ into Islamic venture capital (VC) funds.
Our focus is on the latter: interplay between risk capital and innovative ideas for strategic localised benefit. The Chairman of Malaysia’s Securities Commission, Zarinah Anwar, stated in a keynote speech in 2007, “…how can Malaysia distinguish itself in the emerging market venture capital pool? Our belief is that Islamic VC provides that distinguishing factor.’………………………………………Full Article: Source

 
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