A Trillion Dollars And Counting: How Egypt’s New President Will Boost Islamic Banking
[TWG Note: The hitlery/obama klan have done an amazingly effecient installing their islamic terrorist pals throughout the world. They desperately need this caliphate in order to destroy what’s left of Freedom, Liberty and Western values. Middle Easterners who aren’t islamic terrorists have as much reason as American Patiots for hating this horrid obama regime.]
(Hat tip “The Unit” for the forward. Thanks, Unit!)
July 18, 2012 6:14 AM EDT
Islamic finance may not be familiar yet to many Westerners, but it’s a trillion-dollar business that is set to get even bigger now that the most populous country in the Arab world has elected a president from the Muslim Brotherhood. Egypt‘s new president, Mohamed Morsi, is likely to give a new impulse to the growth of the Islamic banking sector in his country, the birthplace of sharia-law compliant finance.
For months since Egypt‘s parliamentary elections last year, the Brotherhood’s Freedom and Justice Party has been drafting a series of laws that would revamp the role of the Central Bank, make the registration of new Islamic banks easier, and regulate the offering of Islamic financial products by existing banks. …(Con’t)