Mahathir Mohamed

Mahathir urges countries to achieve 50% market share for Islamic banking

It seems that, even after his retirement, Mahathir Mohamed, the former Malaysian prime minister, is still giving advice whether on the global financial crisis, on the future of the Islamic banking industry, on the Islamic gold dinar, on the future of US dollar as an international trading currency, or on his celebrated spat with arch speculator and fund manager, George Soros, in the aftermath of the Asian financial crisis in 1998.
Mahathir noted in an exclusive interview that the Islamic banking industry should learn from the mistakes of conventional banking if the same fate is wished to be avoided. He is convinced that the Islamic system for economic and financial management has something to offer to the world and therefor encourages countries to resort more to using Islamic finance in the aftermath of the global financial crisis.

Syndicate content