From Gulfnews.com: US will overcome today’s anti-Sharia scare-mongering in the same way it got over its fears about communism — by asking for proof over propaganda. Following a story about the ‘flop’ of Islamic banking in the UK, Reuters has followed up with an interesting article about the problems of Egypt’s Islamic finance sector.
The story highlights a combination of 1980s-style corruption scandals (Ponzi schemes), the lack of political will (level regulatory playing field) and growing consumer demand (an 80 million population), which has stunted the potential for Islamic finance in Egypt despite an interest in the country by Gulf-based Islamic banks……………………………………….Full Article: Source