Saturday, February 7, 2009

Regulatory Bodies and Islamic Finance


Alsharqawsat:"O you who believe! Be upright for Allah, bearers of witness with justice, and let not hatred of a people incite you not to act equitably; act equitably, that is nearer to piety, and he careful of (your duty to) Allah; surely Allah is Aware of what you do"

The Quran. Al Maeda [The Table]; Verse 8.

The following article is drawn from the previous Quranic verse.

Riyadh, Asharq Al-Awsat- There has been much clamour recently with regards to Islamic banking's deviation from its path and its failure to achieve its goals of [working within the confines of] Islamic Shariaa Law, rather it has moved closer to using the tools of conventional [non-Islamic] banking..Continue Reading

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