“Mit Allahs Segen Geld verdienen (Earning Money with Allah’s Blessing)”
In the November 23, 2010 issue of Financial Times Deutschland, Booz & Company Principal Philipp Wackerbeck (Europe) called Islamic Banking “a sustainable and ethical form of investment.” The article explored the growing demand of Islamic banking, which refers to banking activity consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the payment or acceptance of interest fees for loans of money for specific terms, as well as investing in businesses that provide goods or services considered contrary to its principles. “(Islamic banking) should be considered regardless of the recent discussion about Islam,” Wackerbeck added.