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Islamic Banking in a capitalist economy is not an easy job because of the mindset and resistance to change in Non muslim countries. Agree?

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Question added by Osman Rajack , Managing Partner , ORAD Consultancy
Date Posted: 2014/07/15
Salauddin Mohammad
by Salauddin Mohammad , Sr. Manager, Software Development , Aspen Technology Inc

Non muslim countries cannot adopt Islamic banking because what they want is profits, ways bank make money.. So, yes, I agree with you on this...

Muhammad Dawood
by Muhammad Dawood , Teacher , ihadi

sorry i don't agree to your opinion because i have read a lot of articles where i have read that many non Islamic business in west adopt many Islamic finance and banking products. they opened windows for Muslims customers. even they have started free interest business, actually this is Islamic concept but neme is change. 

Adnan Ameen Bakather
by Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

Economic system is a matter of people practice, perception and attitudes. Thus, it is not an easy job to push people to adopt a different economic system without understanding the value of it and change their mindset accordingly. As result, we can see that the Islamic finance can be easily adopted in non- Muslim countries where the understanding of the value proposition of it is so clear and measurable. In this context, UK has advanced understanding of Islamic finance and value of it in British economy is measurable. Thus, they (UK government) open the gates for Islamic finance. 

Dr Emil Abil Gasimov
by Dr Emil Abil Gasimov , Legal Counsel , Islamic Development Bank Group

I totally don't agree with this point as if it was so the Pope, the Head of Treasury of Australia, the Queen of UK etc. wouldn't mention the uniqueness and тусуыышен of the Islamic Financу (incl. Banking) and London wasn't the International Islamic Center at the moment.

 

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