02.10.2012 - Egypt Salafis lured as IMF aid beats AA debt: Islamic finance
Egypt’s worst economic slowdown in at least a decade is swaying a debate among Islamists toward those who favor the loan, making it easier for the government to secure the “critical mass” of support that the IMF says is needed for the agreement. Indonesia and Pakistan, the world’s two biggest Muslim countries by population, have both received IMF funds. “The global financial system might not be compliant with some interpretations of our Shariah,” Hossam Aql, an Egyptian professor of Islamic studies who teaches at Cairo’s Ain Sham University, said “But it would be foolish of us to demand of others a change in that system as long as we remain reliant on them for the most basic of our needs of goods and services.”..............................................Full Article: Source
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