| 28.10.2008 - Credit crunch may spur Islamic finance |
| From Theage.com.au: The fast growing Sharia financial system may receive a further boost as an alternative to capitalism amid the credit crunch and banking crisis, Islamic academics and clerics believe. Already said to be worth $US300 billion ($A498 billion) and expanding at 15 per cent a year, the Islamic system forbids the levying or payment of interest, preferring shared ownership and splitting of profits..... Full Article: Source |