Should There Be More Religious Control Of Banking? Asks University Of Leicester
Thursday, June 18, 2009 - 13:28
in Mathematics & Economics
The University of Leicester’s School of Management wonders if more religious control of banks might have lessened the impact of the global financial crisis. Buying into the notion that a 'sub-prime' housing market led to the latest global financial crisis, they say developing new practices which can address the issues that led the world to the brink of collapse are a vital part of recovery. Professor Martin Parker, Director of Research for the Management School, thinks a banking system consistent with the principles of Islamic law (Sharia) may be a solution so the university is hosting a conference to consider potential lessons from the Islamic Banking and Finance sector. read more
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