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| IMF's Outlook on Middle Eastern Economies |
| 10/28/2008, Updated 69 Days, 9 Hours ago |

| Report Sees Environment Challenges in Arab Nations |
| 10/28/2008, Updated 69 Days, 9 Hours ago |

| Call for New Islamic Investment Banks - Such Institutions Need of the Hour |
| 10/28/2008, Updated 69 Days, 9 Hours ago |

| Shari'a Investors not Immune from Global Equity Market Turbulence |
| 10/28/2008, Updated 69 Days, 10 Hours ago |

| US studying features of Islamic banking |
| 10/28/2008, Updated 69 Days, 10 Hours ago |

| Key Gas Countries Agree to Establish Joint Group |
| 10/28/2008, Updated 69 Days, 10 Hours ago |

| Middle East Human Resources Strategies 'Imperative' |
| 10/28/2008, Updated 69 Days, 10 Hours ago |

| Saudi King: Global Economic Crisis is Invisible Economic War |
| 10/28/2008, Updated 69 Days, 10 Hours ago |
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10/28/2008
42 Umer Chapra The Islamic finance system, which introduces greater discipline into the economy and links credit expansion to the growth of the real economy, is capable of minimizing the severity and frequency of financial crises, says Umer Chapra, a well-known Saudi economist and winner of the King Faisal International Prize for Islamic Studies. “Islamic finance can also reduce the...
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The Editor will be on vacation through August 20. The Memri Economic Blog will be updated upon his return.
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