| When Dr. Sri Mulyani Indrawati, managing director of the World Bank claimed that "Islamic banking was a priority" for the bank, it showed that the industry is starting to gain credibility even at the top table of global banking. However it is a big ask for the industry to take the leap from what is fringe to mainstream.
Fundamentally, many Islamic institutions are prudently run - whether this is a direct result of Shari'ah compliance and its inbuilt prohibition on some of the more high-octane elements of casino capitalism, or whether Islamic bankers are a cut above is a hugely moot point.............................................Full Article: Source |