| From Huffingtonpost.com: Throughout the current economic and financial crisis one contrarian statistic has stood out. Financial assets offered by the Islamic Financial Services Industry (IFSI) and generally classified as "Shariah-compliant," were less affected by the crisis.
Economist Loretta Napoleoni during a lecture at the University of New Mexico proclaimed, "Islamic finance ... [a] system [that] could help us to get out of the current crisis." Writing in the influential Turkish daily Today's Zaman, columnist Ibrahim Ozturk declared, "Islamic finance has entered a bright new stage of development, emerging after the global financial crisis as a more equitable and efficient alternative to the Western approach.".....................................Full Article: Source
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