Islamic finance has an enduring appeal aftermath of a global financial crisis, says Muhammad Al-Jasser, governor of Saudi Arabian Monetary Agency (SAMA) at the Sixth Annual Summit of the Islamic Financial Services Board (IFSB) in Singapore last week. The summit was attended by more than 250 Islamic financial services industry stakeholders from across the world.
His comment seems parallel with the speakers said at World Islamic Economic Forum (WIEF) held in Jakarta early this year. I noted that experts and practitioners of Islamic finance still have optimistic perspective on the development of Islamic finance industries, although the world’s struggle on global financial crisis is on the way.
More countries are affected by global financial crisis, including countries that addressing both conventional finance and Islamic finance. Currently, some countries are paying more attentions to Islamic finance and let the institutions grow.In response of global financial crisis, is there any need to revitalize Islamic financial services industry in the middle of reformation of global financial architecture?
