04.07.2011 - Crude factor crucial in taking Sharia investments forward
The price of oil is not the only ‘greaser' for expansion of Islamic finance. Lately, a number of countries seem to be pre-empting a social-movement-cum-change of regime as today's ‘oil price' facilitator for welcoming Islamic finance. But what happens to Islamic finance when alternative energy, solar, biomass, wind, ocean, etc, becomes a viable replacement for oil, or what if the oil runs dry, or the so-called Arab street democracy reaches the Muslim Opec countries, or the anti-Sharia movements in some western countries find another boogeyman?.............................................Full Article: Source
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