| Islamic finance is not fully understood by most people, while some groups still claim that Sharia-compliant finance is linked terrorist financial activity, said Rushdi Siddiqui, Global Head of Islamic Finance at Thomson Reuters.
Mr. Siddiqui said that the $1 trillion sector, which he expects to reach $2 trillion within five years, has done a poor job of educating people and explaining how it differs to conventional finance“Certain prejudices and bigotry exist in many countries that still do not understand Islamic finance,” he said. “It’s a process that requires a lot of education. Christian Evangelists have said that Islamic finance is related to terrorism finance, while in parts of the United States [some] think the same.”.............................................Full Article: Source
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