| 06.07.2009 - Islamic finance lacks government support in some GCC countries |
| From Gulfnews.com: Given the predominance of Islam as the religion and being closer to Islam's two holiest shrines, it was quite natural for GCC countries to embrace Islamic financing as an alternative to interest-based financing. Although a late comer compared to Iran and Malaysia, the growth in the Islamic finance industry in the GCC over the past years has been impressive.........Full Article: Source |