Innovation and Islamic finance INNOVATION and the ensuing needed authenticity are the pre-requisites to move Islamic finance to US$2 or US$2 trillion (RM6 or RM6 trillion) by 2015. But, how best to describe innovation in Islamic finance? Famous quotes often capture succinctly the essence of the issue, and, for innovation in Islamic finance, the below [...]
This is the VOA Special English Economics Report, from voaspecialenglish.com Dubai’s recent debt problems have brought attention to the growth of Islamic finance. A government-owned group of companies, Dubai World, has been seeking to restructure twenty-six billion dollars of debt. About six billion of it is in Islamic bonds, including a three and a half [...]

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