| The global financial crisis that weakened US and European economies actually presented emerging markets, like the Philippines, an opportunity to take a shot at $1trillion worth of Shariah-compliant assets, an Islamic banking expert and a British official said Thursday.
The way to tap into such a wealth of fund is to relax the tax and regulatory system by putting Islamic banking in the mainstream, they said. The perception that Islamic banks are a conduit financial instrument of terrorist groups is an obstacle to the entry of investments and their accompanying growth, the experts noted...............................................Full Article: Source
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