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28.9.10

Future of Islamic Finance

Future of Islamic Finance
Dr. Mohammad Nejatullah Siddiqi
Presented at the conference on: Leadership in Global Finance-the Emerging Islamic Horizon, organized by INCEIF
August, 2007

"Before I proceed to talk about Islamic finance in some detail, I must caution against a possible misunderstanding. The shift from individualistic amoral capitalism towards a morally oriented, socially conscious and consulting approach to economic activity that I am envisaging would not and should not come at the cost of freedom. It is not to be imposed from above by the Social Authority. I am not for dirigisme. I envisage internalization of moral values leading to a quest for balance. I also believe the ground for such internalization is prepared by spirituality."
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