Islamic finance eyes new regions
We’ve got good news and bad news. The good news is that the Shariah Finance industry has been disappointed in its efforts to expand into Western markets. The bad news is that they are turning to Asia and the Pacific Rim for their dawah operations… http://www.reuters.com/article/idUSTRE61H31Q20100218?rpc=401&feedType=RSS&feedName=summitNews&rpc=401
Promoters of Shariah-Compliant loans and mortgages often misleadingly refer to their products as “interest-free.” This label implies that the lenders do not charge for their loans. This is of course not the case. As we have reported here on SFW several times, Shariah-compliant loans may not charge interest, but they are by no means free. […]
The former Soviet republic of Kyrgystan is the latest nation to be infested with Shariah-Compliant Finance and the article at the link below shows all aspects of this controversy exist in that nation. Importantly, it certainly appears that Shariah-Compliant Finance is part of an imperialist Islamic movement; countries which are having trouble attracting investment capital are […]
Categories
Archives