30.10.2012 - Islamic finance shall be ethic model for global banking
In order to avoid a repetition of the financial crisis' shocks, Islamic finance can be an ethical and sustainable business model in the global financial landscape, said Tirad Al Mahmoud, CEO of Abu Dhabi Islamic Bank (ADIB). Mahmoud said conventional banks shall endorse the principles of Islamic finance as a non-interest, non- conventional, ethical style of investing. According to global auditing and consultancy firm Ernst and Young, there are 390 Islamic financial institutions worldwide, based in 75 countries. Islamic investments reach the mark of 1.2 trillion U.S. dollars, Ernst and Young estimated...............................................Full Article: Source
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