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The crisis aftermath: Islamic finance and breaking the wall of alternative energy.
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November 19, 2009
The global financial crisis has sparked questions about the conceptual foundations of a financial sector that has grown unwatched during the past three decades, fuelled by an uncontrollable desire to accumulate profits, individualism, extreme liberalisation and deregulation. Voices worldwide are calling for reforms and for the inclusion of ethical, social, collective, human and ecological dimensions in any financial and economic policy. This period of transition and re-strategising presents an ideal opportunity for Islamic finance structures to offer alternative funding sources to innovative infrastructure projects in the alternative energy sectors that will likely be the target of many
investment ventures in the near future.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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