Dr. Laldin remarked that to a certain extent
Islamic banking has been cushioned from the recent financial crisis.
This is primarily because derivative products in Islamic banking are
very limited, he reasoned. Tracing the historical landmarks in Islamic
banking, Dr. Laldin stated that the challenge is to maintain the growth
momentum. He posited questions on whether Islamic finance can offer
solutions to world’s financial problems, and whether it could be
adopted as the international financial system.
He listed various misconceptions about Islamic
finance, stating that there is an incorrect opinion that Islamic
financing is for Muslims only. Another misconception is that it is a
replica of conventional finance. “Forms and structure of conventional
banking and Islamic banking might be similar, but the substance is
different,” he said.
The talk was organized by the Muslim Students
Association (MSA) of AIT. Welcoming the speaker, Mr. Olivier Drean,
Interim-Head, External Relations and Communications Office (ERCO)
complimented the role of MSA in organizing the talk. AIT President,
Prof. Said Irandoust thanked Dr. Laldin for delivering the talk.
