Asma Hanif18 Mar 2008
Islamic finance is on the rise in what in many parts of the world can be called an anti-Sharia age, and it has been proven compatible with Western financial systems and legislation. But challenges have still to be faced.
Although implementation of Sharia law often sparks deep controversy in today's world, it seems that finance is a subject where the "Islamization process" spreads at great speed, but with least objection.Islamic finance is estimated to manage nearly $500 billion. A recent report by Moody's, a New York-based company carrying out financial research, suggests that the amount has annually risen by 15% over the past three years and predicts an excellent prospective for the coming years.
link: http://religion.info/english/articles/article_371.shtml
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment