06.08.2012 - Egypt: What Morsy means for Islamic banking
Mohamed Morsy’s rise to the presidency could reintroduce Islamic banking reform and transform the industry. For months following parliamentary elections, the Muslim Brotherhood’s Freedom and Justice Party (FJP) has been working hard to draft and introduce new legislation that would dramatically transform Egypt’s Islamic banking industry, ending its decades-long role on the sidelines of the Egyptian economy. A few months after the revolution, a small informal group of Islamic banking enthusiasts emerged to promote Islamic finance in Egypt and to pursue policies that would have been taboo under the Mubarak regime...............................................Full Article: Source
Print