Growth in Islamic financing in the U.K. has been hampered by an economic slump and what Moody’s Investors Service describes as a lack of government support.
With so many financial jihadists claiming that Shariah-Compliance provides insulation against economic downturns, one is left wondering how the recession could possibly be hampering Shariah banking???
Perhaps the real problem is that people living in the West just don’t WANT Shariah-Compliance…
As for the lack of government support, if Shariah Banking was really so swell, couldn’t it succeed on its own merits, without government intervention? Or is Shariah Finance just like all other aspects of Shariah, part and parcel of a centralized, totalitarian system?