Islamic Banking: Steady in Shaky Times
By admin | November 1st, 2008 | Category: News from the Ummah | No Comments »As big Western financial institutions have teetered one after the other in the crisis of recent weeks, another financial sector is gaining new confidence: Islamic banking.
Proponents of the ancient practice, which looks to sharia law for guidance and bans interest and trading in debt, have been promoting Islamic finance as a cure for the global financial meltdown.