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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Australia: Nothing to fear from Islamic finance

Posted on 03 November 2010

From Abc.net.au: The recent comments by Senator Cory Bernardi about so-called “sharia finance” (a designation intended to invoke fear if ever I’ve heard one) displays a profound ignorance about the ethical and theological underpinnings of Islamic finance, and its deep commonality with the Christian tradition.
Moreover, it seems rather hypocritical to me to hear Western free-marketers raising moral questions about the Islamic approach to finance, especially given the financial devastation wrought by the ‘free market’ over the past two years. So let me try to allay a few misplaced fears by appealing to my own experience of Islamic finance through the London Citizens organisation……………………………………….Full Article: Source

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