| Let’s remove our minds from whether non-interest banking or the Sharia of it component is constitutional or not. Those in the legal profession are qualified to tackle that aspect. But the question on the lips of many is if it will be a more prudent way to banking, and more importantly, the beginning of better relationship between firms in the economy and banks.
The argument in some quarters is that the banking crisis that almost crippled the economy did not emanate from banks that have religious inclination, but was as a result of banks with little or no interest about the firms they were lending to..............................................Full Article: Source
|