Alternate Solutions?

As the Global economic crisis caused by an era of Interest based finance takes its toll on Investors and the common man, people are scouting around for alternative places to Invest or keep their money safe.

This has generated a lot of Curiosity and Interest(pun definitely intended!!)  among people for Islamic finance and Banking, A very interesting article about this trend is given here. Non-Muslims flock to 'safe haven' Sharia bank protected from the crunch by non-gambling rule

 

It says that 

Under the strict rules of Sharia Law, the charging or paying of interest is prohibited, leaving many Islamic banks unscathed by the credit crisis - and nervy customers flocking to put their savings in safer hands.

This gives a big boost to Islamic Banking , and the powers to be can look at this option now seriously.