31.03.2009 - Need for regulations on Islamic finance
From Menafn.com: There is much talk about the emergence of Islamic finance as an alternative model to the classical neo-liberal market system. But are the Muslim markets where Islamic finance is available up to meeting this challenge? One Islamic banker, Badlishah Abdul Ghani, CEO of CIMB Islamic Bank, believes that Islamic banking may be in danger of sleepwalking into a major crisis, not because of the credit crunch or the global financial crisis, but because of its internal contradictions and the anomalies between the various jurisdictions.....Full Article: Source