Saturday, June 2, 2007

Islamic Banking Comes of Age - But What's Next?

Events of the last few years have forcefully shown the Muslim world’s resentment of the West’s power, influence and encroachment on its way of life. That power is nowhere more evident than in the finance arena, where Western banks and financial markets dominate but contradict strikingly with traditional Islamic beliefs. Over the past 25 years, however, a non-violent challenge to that dominance has been building.

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