Interested in US-European Islamic Economic System

Chairman of the Chamber of Commerce Industry (Kadin) Indonesia, MS Hidayat, said that after the economic crisis hit, the United States (U.S.) and a number of countries in Europe began to show interest in the Islamic economic system.

"The crisis has forced the U.S. to find an alternative model. October 2008, when George W. Bush was named president and before the implementation of the High Conference (Summit) G-20 at Washington 15 November 2008, Bush sent a deputy financial secretary Robert M Kimmit visited Saudi Arabia," MS Hidayat said here Tuesday.
Aim of the visit, he added, to assess the effectiveness of Islamic banking system. The arrival of this Kimmit crowded some media reported Saudi Arabia.
MS Hidayat said that, although the summit did not recommend the application of Islamic economic system, as the world economic system, the arrival of the team that showed the U.S. economy and the recognition that the state interest of the Islamic economic system.

In fact, the U.S. had not much to be on the development of Islamic economics in the world.

According to MS Hidayat, interest in European countries against the Islamic economy in fact has been revealed since a few years ago. England has expressed readiness to become the world center of Islamic finance. This statement came out at British Prime Minister, Gordon Brown still be finance minister in 2007.

Based on international reports Financial Services London (IFSL), the development of Islamic financial industry in the UK in recent years grown rapidly. In fact, the country is now a western country with the largest Islamic banks in the world because the government had strong dukuangan.

Until last February, there are five pure Islamic banks and Islamic business units of 17 conventional banks in the UK such as HSBC, Barclays, RBS, and LIoyds Banking Group.

Islamic banking assets in the country reached 18 billion U.S. dollars or exceed the Islamic bank assets such as Pakistan, Bangladesh, Turkey, and Egypt. In this country, the development of Islamic financial businesses also supported universities and 55 institutions that have Islamic education and financial.
MS Hidayat said, France is also interested in developing the Islamic financial system. December last year, French Finance Minister, Christine Lagarde, said his country would make adjustments to the Paris law to the major Islamic financial markets.
In addition, MS Hidayat said, there are a number of Islamic banks which will open a branch in the capital of the country. Even last March, the French central bank to enter the Islamic financial management issues in the discussion forum.

France's interest was triggered Islamic economic system resilience in the face of the global financial crisis.
In Asia, he said, claims to be Islamic financial center of the world also expressed Singapore several years ago.

"This country has long mengamademen a number of laws to support the development of Islamic financial business. The same is done Malaysia," said MS Hidayat

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