I found it necessary to extend his view points from the corpus of present day economic development since we can t afford to lose sight of the current realities while dealing with this important subject. I make my submission as under.
Islamic banking is known to non-Muslim countries more particularly during the last decade or so.
In my opinion the said banking system if, implemented in its true spirit, will help us to solve many of the present economic and social ills. We need to take care while dealing with this system in strictly adhering to the guiding principles of Holy Quran. I get a feeling that the proponents of Islamic banking are enthusiastic to declare Islamic banking as being handled presently would resolve all the problems of the world. Malaysia has claimed that it has successfully introduced and progressed in passing on the benefits of the system to her people. Similar claims are being made on and off by other Islamic countries also.