Tuesday, March 3, 2009

A new world?

Escaping from the relentless misery of the daily news, (best satirised by Rory in this piece), I have spent a couple of interesting days at the 5th World Islamic Economic Forum in Jakarta. It's the only place where I have sensed a feeling of guarded optimism about the future.
Two clear strands emerged. Firstly, that there is a clear belief among the delegates that the end of this turmoil will see a clear re-balance in favour of the new economies of the East and the South, away from the discredited economies of the West. Secondly, that Sharia, Islamic banking has been clearly vindicated as an ethical alternative to the corruption of Wall Street, the City of London and their branches in Frankfurt, Tokyo, etc.
Inshallah...

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