Saudi Arabia should stake its place as a hub for Islamic banking and finance, banking executives at the Jeddah Economic Forum said yesterday.
Sheikh Saleh Kamel, the chairman of the Jeddah Chamber of Commerce and the Federation of the GCC Chambers, said the kingdom should move to foster unity in the US$1 trillion (Dh3.67tn) Islamic finance industry, in which regulation has become fractured along national lines.
"The fatwa should be unified," he said. The current system of competition among jurisdictions had carried on "to such an extent that we make halal haram, and vice versa".
No comments:
Post a Comment