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June 08, 2011

Business Day: Islamic finance can show the way

by Samaoen Osman
Business Day

A bad situation may sometimes have good effects, and what is required now is to draw lessons from this global economic crisis and the subsequent losses suffered by most countries. Science maintains there is no such thing as "absolute truth", but the current global financial crisis is evidence that there is no absolute free market. Truth is always relative, just like freedom.

It is important to look for positive points to find a way out of the financial crisis. Despite the gloom of the global economy and the pessimistic atmosphere enveloping the entire world, all countries, separately or collectively, are working hard to contain the crisis, or at least to minimise losses.

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