Monday, September 23, 2013

UK: “We want to be the leading Islamic finance sector outside of the Muslim world”

As the Western financial and banking systems fall steadily towards insolvency and a new credit crisis, the United Kingdom is turning towards Islam as a way to infuse new capital and new programs to stave off their own course of bankruptcy.  By accepting Sharia law and the potential restriction of democratic freedoms, the UK appears willing to give up much of its financial sovereignty to be a major player in the world of Islamic finance.

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