Categorized | Economy

Islamic Banking and Finance

I never thought this would ever happen in US but it is precisely because of these reasons that US is number one in the comity of nations and not some other nation.

A few days back I heard that US Treasury Department will teach the American financial complex and regulatory agencies and other executive branch members in DC about the Islamic Finance.

But like any other move involving islamic issues, many critics are already arguing that it would open the door to American Funding of Islamic extremism.

Islamic Finance 101

According to the media reports, the “Islamic Finance 101” forum is “designed to aid and inform the interested executive members who make laws and form an important bedrock of the society about the Islamic financial services. Its a known fact that the islamic finance is an important part of the Arab and other Muslim world.

To know in more details about this, check out this interesting and comprehensive article listing out Pros and Cons of Islamic Financial System.

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