We have long pointed out on SFW that the purpose of Shariah finance is in fact to promote Shariah. Here is an example of that at work. Shariah banking is reportedly taking hold is a big way in Ethiopia, a developing nation with a majority Christian population… http://www.6kilo.com/islamic-banking-booming-in-ethiopia-2/
Reuters Fri 11 Jul 2008 ADDIS ABABA – Dubai will invest about $100 million in several Ethiopian economic sectors beginning in October, a visiting group of financiers said. Sultan Ahmed Ben Sulayem, head of the Dubai World delegation, said the Dubai government firm would invest in mining, trade, agriculture, real estate and catering. […]
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