Dubai is often viewed as a gateway to commerce for much of the Middle East. Historically, Dubai has served as the trading crossroads between East and West.

Now, according to the emirate’s ruler, Dubai will become a leading center of Shariah-Compliant Finance. As is the norm in Shariah Finance, the government will be doing the pushing, further highlighting that Shariah Finance is in fact a centralized system of economics, quite the opposite from free enterprise…

The government will promote Islamic banking and insurance, Islamic financial products and other areas including the arbitration of Islamic contracts and the setting of quality standards for halal food, Shaikh Mohammed bin Rashid Al Maktoum said.

http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=345298

 

 

 

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