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Interesting article about Islamic finance

Junior Desi
Member since: Aug 07

Posts: 18

To answer Vandematram,

Dubai has never been out of international economic system. Its commitment to Islamic Banking is just one stand-alone Dubai Islamic Bank. When we talk of Islamic Banking it would be taken to mean a whole independent Islamic Banking System, where justice and fair-play are the guiding principles in contrast with profit and greed that drives the present Western model. If you dwell deeper investments in Dubai has been overwhelmingly a traditional interest- bearing western style blow-up. Islamic Banking has either no part in it, or some individual Islamic Banking institutions might have investment in real estate and property development. The free market rise and fall was typical of western economic trade cycle boom and bust.

Post ID: 161108 29-03-10 14:00:44
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