Eco­nomic cri­sis from Is­lamic per­spec­tive moot kicks off

The Pak Banker - - Company& -

AM­MAN: Par­tic­i­pants in a con­fer­ence on Eco­nomic Cri­sis from Is­lamic Per­spec­tive dis­cussed Wed­nes­day work­ing pa­pers on the uni­ver­sal­ity of the Is­lamic econ­omy and its im­por­tance in the present.

The event, or­ga­nized by the World Is­lamic Sci­ences and Ed­u­ca­tion Uni­ver­sity (WISE) and the In­ter­na­tional In­sti­tute of Is­lamic Thought (IIT), called for im­ple­men­ta­tion of the Is­lamic eco­nomic sys­tem as a so­lu­tion to the world's eco­nomic ills. Min­is­ter of Fi­nance Mo­hammed Abu Ham­mour pre­sented a work­ing paper on roots of the eco­nomic down­turn and its reper­cus­sions, in which he high­lighted the abil­ity of the Is­lamic bank­ing sec­tor to face crises. He un­der­scored the im­por­tance of de­vel­op­ing the Is­lamic fi­nan­cial in­dus­try to fur­ther con­trib­ute to global devel­op­ment. -PB News

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