Economic crisis from Islamic perspective moot kicks off
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