A delegation of Arab “Islamic finance” experts has gone to India to try to convince that nation to embrace Shariah Finance…and they used their normal level of fraud to attempt to perpetrate this swindle…first comparing “Western capitalism” to “casino capitalism,” inferring, quite fraudulently, that Shariah-Compliant institutions were not impacted by the economic downturn and financial crisis.
The article then goes on to use the term “interest free” Islamic banking, which of course is an outright misleading statement. Though Shariah banks don’t charge interest on loans, they sure as heck charge other fees and there is NOTHING free about borrowing money from a Shariah-Compliant bank…
