08.12.2010 - Ex-PM hails Islamic banking as "superior"
From Smh.com.au: Malaysia's outspoken ex-prime minister Mahathir Mohamad has blamed Western lending practices for the world's financial problems and hailed Islamic banking as a "superior" model. Mahathir said that the 2008 global financial crisis was sparked by excessive lending by western banks. Islamic banks, in contrast, are constrained because every deal needs to be backed by a real asset under the principles of sharia law, he said..............................................Full Article: Source
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