The IMF, that destroyer of peace and prosperity, now offers this tidbit:
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IMF: Islamic banks access to small businesses and do not have bank accountsApparently they have never heard of hawaladar. And why should they know anything good to come out of Islam adapted by Europeans? Keynesianism is deleterious, and when one side is busy drilling holes in the hull and the other is bailing out the water one gets too busy to look up. But it is very important work, to be sure, bailing out. When your economics say "make work." Anyway, the IMF is busy spending taxpayer money solving problems that don't exist. A hat tip to Kevin...
February 21 2015
Dubai, United Arab Emirates - a study issued by the International Monetary Fund, said that Islamic banks need to make adjustments in the structure of its work to improve its ability to reach consumers, pointing to the need to link their products to the segment of the population that do not currently own bank accounts, to by small and medium-sized companies.
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