Islamic finance institutions unhurt by the credit crunch

A

Abel213

Junior Member
Syed Zahid Ahmad said:
The international financial crisis began over a year ago, and has intensified over past few months. The International Monetary Fund has already warned that this credit crisis will result in losses of over trillion dollars and that it may worsen especially after the 150-year-old US financial giant Lehman Brothers been declared bankruptcy, not to mention the sale of financial services firm Merrill Lynch to the Bank of America.

Islamic banks are unaffected by the sub prime mortgage crisis; rather many non-Muslims are turning to Islamic banking as customers spooked by turmoil in the Western banking system feeling Islamic banks as a safe haven because these are immune against such crisis due to inherent business ethics within Islamic banking...

http://www.rgemonitor.com/emergingm...e_financial_sector_crisis_and_islamic_banking
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:salam2:

Alhamdillilah, its great that people are getting away from the evils of riba(interest).
 
warda A

warda A

Sister
:salam2:
:ma::ma::ma:
that was great news and in a way great da'wah, more people will learn about islamic values inshalla
 
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