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Friday, May 25, 2018

Current Events-World Banking

https://www.reuters.com/article/us-islamic-finance-imf/imf-to-add-islamic-finance-to-market-surveillance-in-2019-idUSKCN1IQ081?il=0

The IMF has traditionally focused on conventional banking, but it has been increasingly engaging with regulators in countries where Islamic finance is now deemed to be systemically important.

Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF.

Remember, Islamic prophecy has it that when the mahdi rules, people will say "give" and the mahdi will say "take".

https://www.youtube.com/watch?v=maSgfeE5pjw

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