Islamic Banks Could Be The Answer To America’s Over-reliance On Credit And Risk

source : international business times
By Christopher Harress

HOUSE
If second quarter results are anything to go by, America’s banks are recovering nicely. Most made respectable gains and have improved investor and public confidence in America. However, many people who advocate for changes in the banking system feel that just recovering from the financial crisis is simply not enough, and that serious changes must be made to avoid future banking meltdowns.

read more at : http://www.ibtimes.com/islamic-banks-could-be-answer-americas-over-reliance-credit-risk-1393193

Filling a Niche for Islamic Banking

By KRISTIANO ANG

When Fabiola Nava Carrera told her friends that she was going to pursue a master of business administration degree in Islamic finance at a Malaysian university, they were taken aback.

“I was very interested in going there to see what was going on, because I knew nothing about Asian and Islamic culture,” said Ms. Carrera, a 27-year-old Mexican who had previously worked in international trade. “But my friends in Mexico couldn’t believe that I wanted to go to Malaysia, because they thought that it would be too dangerous or that the culture would be too different.”

Ms. Carrera went anyway. Last year, she was one of four students, three of whom were non-Muslim, who graduated from the inaugural class of the Universiti Tun Abdul Razak’s Global Islamic Finance M.B.A. program in Kuala Lumpur.

Read more at New York Times

http://www.nytimes.com/2013/03/27/education/filling-a-niche-for-islamic-banking.html?pagewanted=all&_r=0