21.10.2011 - Islamic banking as a policy tool
Now that Islamic banking and finance is a trillion dollar industry (US$ 1.14 trillion according to the Global Islamic Finance Report 2011), the ability of Islamic banks to influence government policy is much greater than it was fifteen years ago. However, there are some state-owned institutions and corporates in different parts of the world, which are resisting change by proclaiming that they are already shari'a compliant and that their shari'a compliancy is sufficient to ignore further external requirements...............................................Full Article: Source
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