Islamic finance can tackle global instability – Kuwait’s Al-Hashel
Amid “excessive” risk-taking, Mohammad Al-Hashel suggests Islamic finance could help restore stability
Kuwait’s Mohammad Al-Hashel has recommended wider use of Islamic finance as a means of promoting stability and reducing poverty worldwide.
The Central Bank of Kuwait governor cited “evidence of excessive risk-taking fuelled by record low interest rates” in remarks today (May 2). He referred to figures from the Institute of International Finance indicating global debt levels had risen from $167 trillion to $237 trillion in the past decade. At the same time, many countries are struggling with
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