Islamic finance scholars are not doing enough to promote the industry globally as an alternative to traditional banking after the global financial meltdown, a top executive said on Monday. Sohail Zubairi, chief executive of Islamic consultancy firm Dar al-Sharia, a unit of Dubai Islamic Bank DISB.DU, said Islamic scholars had not responded to the economic crisis with a unified voice, missing an opportunity to push the industry into Western financial centres.
"My personal view is we don't have a central voice in Islamic finance," Zubairi said. "They did not reach out to the conventional financial centres.
"We are not doing a service to the world by keeping it to ourselves...These things are to be told. Sharia tells you that it is not for Muslims only it is for humanity."
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