Asian-Middle East Rivalry Still A Factor in Shariah Finance
What this article ignores is the tendency of Arab Muslims to treat non-Arabs with prejudice. That is one of the chief sources of this “rivalry.”
Split by an age-old rivalry stemming from the fight for market share and differences in sharia interpretation, Islamic banking hubs Malaysia and the Middle East have struggled to work together in the past, resulting in fragmented standards and localised markets which have divided the industry.
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