14.10.2011 - SBP and Shariah compliant money
It appears as if there is a strong positive correlation between the success of Islamic banking and the involvement of the top central banker (governor) of the country. In fact, Islamic banking started progressing in UK only after Eddie George, former governor of the Bank of England, started taking personal interest in Islamic banking. Another prime example of the positive correlation between development of Islamic banking and the leadership role of the central bank’s governor is provided by Malaysia. Dr Zeti Akhtar Aziz, the governor of Bank Negara Malaysia (BNM), is considered a champion of the cause of Islamic banking and her country is undoubtedly a strong player in the Islamic financial services industry..............................................Full Article: Source
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