“Lebanon is set to request a $10 billion bailout from the International Monetary Fund (IMF), to stem the country’s economic crisis, as part of the country’s financial rescue plan.” Meanwhile, the jihad terror group Hizballah has been gaining power in Lebanon, and holds 10% of parliamentary seats and two key ministry positions, including the Health […]
Sharia-compliant financial assets forecast to reach $3.8 trillion by 2023, outperforming conventional banks
Sharia finance is rapidly growing in the UK, Canada and Australia, and generally expanding across the globe. “Sharia-compliant financial assets are forecast to reach $3.8trn by 2023, averaging annual growth of 10 percent.” A UK-based company aims to boost international opportunities of Sharia finance even further. In the latest edition of World Finance, published by […]
IMF chief: Islamic finance has “potential to promote financial stability”
“He said the Islamic system channels credit into productive investments that are socially responsible and not in wasteful speculative activity.” Productive investments, i.e., no pork, no alcohol, nothing that doesn’t comply with Sharia. Lagarde wants to promote financial stability at the expense of the West’s culture and character, but in that she is no different […]