Vatican Paper Supports Islamic Finance. France Wants Its Share of Sharia Banking
From the desk of Tiberge on Thu, 2009-03-12 10:52
In yet another act of conciliation on the part of Western religions towards Islam, the Vatican newspaper Osservatore Romano has voiced its approval of Islamic finance. The Vatican paper wrote that banks should look at the rules of Islamic finance to restore confidence amongst their clients at a time of global economic crisis. “The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service,” the Osservatore Romano said. “Western banks could use tools such as the Islamic bonds, known as sukuk, as collateral”. Sukuk may be used to fund the “‘car industry or the next Olympic Games in London,” the article says.
Should the EU Countries Go to the UN’s Hate Fest?
From the desk of Elaib Harvey on Thu, 2009-03-12 10:22
Duly Noted: Equality vs. Quality
From the desk of George Handlery on Sat, 2009-03-07 11:55
1. It is a prejudice of our public affairs culture that, indiscriminately, “equality” is regarded as a standard of quality. Whenever a measure is judged, the extent of equality relating to it is accepted as a yardstick to determine whether the rating becomes positive or negative. In doing so, we tend to overlook some or our collectively indulged inconsistencies as well as the popular misapplication of the term.
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