| Prime Minister said that the structures of Islamic finance should be looked closely as to how it could support the new global architecture that is emerging. He said the Islamic world has showed that it can be an economic force and there was great potential of Islamic finance to be expanded. “It is no coincidence that institutions working according to Islamic principles survived the worst of the economic crisis. Islamic finance puts the public good ahead of individual gain, he said in his lecture at the Sheldonian Theatre, University of Oxford. Najid also said: “Indeed, in place of excess, Islamic finance offers moderation and transperancy. In place of greed, Islamic finance offers fairness.” |
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