Financial Times FT.com

Islamic finance seeks independence from politics

By Roula Khalaf in Dubai

Published: November 18 2007 15:39 | Last updated: November 18 2007 15:39

Islamic finance experts are trying to disassociate the industry from political Islam, fearing the amalgamation could create a backlash in the west as the sector surges forward in its integration into the global economy.

Nasser al-Shaali, chief executive officer of the Dubai International Financial Centre Authority, on Sunday cited the need to disassociate Islamic finance from politics as one of the industry’s challenges.

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