| From Ukinvest.gov.uk: Islamic banking could help Europe and the world survive the global financial crisis, a leading spokesman has said. Dr Ahmed Mohamed Ali, president of the Islamic Development Bank (IDB), said that stabilising global markets is a priority for East and West alike.
He told bankers and financiers at Mansion House that a principle of Sharia law is that money should measure rather than create value. And he noted that Islamic banks control £720 billion worldwide, have grown by 10% to 15% growth in the past few years and already have close ties with London.....Full Article: Source |