Islamic Banking and Bending Like the Reed

Islamic Banking and Bending Like the Reed

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Have you ever seen how a reed bends in the wind? It curves and twists in the direction as the wind, aided by the flexibility of its stalk, and the strength of its roots. Yet after the storm abates, the root returns to its original upright position, standing tall with pride and dignity. I find a strong resemblance between the way that a reed bends in the wind, and the way that Islamic banking has handled the storm of the international financial crisis which has hit the entire global economy, including the Islamic banking sector. We have seen how the tempest of this crisis has bankrupted many prestigious financial institutions as if they were merely leaves on the wind. In fact some conventional financial institutions are still struggling to survive today.

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