Gulf govts increase grip on Islamic finance – Moody’s

Gulf Arab governments may take bigger stakes in Islamic financial companies to gain more control over the industry as demand soars for investments and financial services complying with Islamic law during an oil boom, Moody’s Investors Service said on Tuesday. >>>>>

Islamic banking: technically is over a thousand years older than banking in the U.S., and it appears that it is the method to continue to outlive it as well.  Islamic banking, although, seemingly a non-issue to many Westerners, is a champion against the parasitic, interest-gouging system that the majority of Americans have fallen victim to – without any idea of how they will truly liberate themselves from this beast of burden.