Studying Islamic Finance

السلام والازدهار العدالة المجتمعي
You are visiting a blog associated with an online noncredit course studying the topic of Islamic Finance, moderated by John Wiley Spiers. Feel free to participate in our discussion, and if you are interested in taking the course visit http://www.johnspiers.com/Islamic_Finance/Welcome.html

Saturday, February 16, 2013

UAE to Become Center of Islamic Finance?

For the UAE to become the center of Islamic finance, it will have to overtake Bahrain.


The UAE has what it takes to become a hub for Islamic finance, according to Sheikh Mohammed bin Rashid Al Maktoum, the country's vice president and prime minister.
Sheikh Mohammed, also ruler of Dubai, made his comments at a workshop organised by the higher committee for development of Islamic economy sector to follow up progress on action plans and proposed initiatives.

The comments section make some good points,  and I will add I think it will be a challenge to stay orthodox in practice, something that does not seem in place in modern Shariah finance.  I am still studying the "geography of Islamic Finance" so I look forward to finding such examples.  I am convinced that where orthodox, we'll find more peace, justice and prosperity.

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