Islamic banking best option during crisis, say experts

Islamic banking best option during crisis, say experts

riba free

Gulf oil producers and other countries should switch to Islamic banking as an alternative to the traditional financial system that has triggered the global economic distress, two Arab experts have said.

While many traditional banks in the region and worldwide have been severely hit by the crisis, Islamic banks have easily weathered the storm and continued their rapid growth to demonstrate that such a type of banking is a safe practice and the right alternative business, they said.

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