17.11.2011 - Development of Islamic finance
If Islamic banking is to develop into a global alternative to conventional banking, the global financial industry must take responsibility for driving the sector forward and not rely on the regulators to lead the way, according to Hussain AlQemzi, CEO of Noor Islamic Bank and a leading Middle East authority on Islamic finance. Speaking at the International Islamic Finance Summit in Kuala Lumpur, AlQemzi said the pace of development of the Islamic finance sector was too slow and that unless industry practitioners are more willing to challenge the regulators, whether Central Banks, legal structures or Shari’a scholars, the internationalisation of Islamic finance will continue to underperform and not reach its full potential............................................Full Article: Source
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