| From Zawya.com: "The opportunities offered by Islamic finance in promoting global financial stability and financial inclusion are worth assessment by the leadership of the G-20 countries," said Jeddah-based Islamic Development Bank (IDB) President Ahmed Mohamed Ali here yesterday.
Ali was echoing calls by the Islamic finance industry experts that the faith-based alternative investment model has something to offer to the global financial system, which has been teetering on the brink of meltdown following the impact of a credit crunch as a result of risky investments in junk derivatives such as subprime CDOs (collateralized debt obligations) in the US.....Full Article: Source
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