07.10.2011 - IB part of new global financial order
Dr. Ahmad Mohamed Ali al-Madani, president of the Islamic Development Bank Group, recently addressed the World Leaders Forum at Columbia University and said Islamic banking does not need to be adopted as a whole, but that "elements of Islamic banking be considered when creating the new international financial order." His comments followed an introduction by Jeffrey Sachs [pictured right], director of the Earth Institute, at the school who wryly commented that: "I say with mild envy, but mostly admiration, that the [IDB] is a AAA-rated organization, something we can no longer say about the United States Treasury.".............................................Full Article: Source
Print