In Islamic banking, the bank holds more responsibility for the financial growth of its customers… Speculative investment is big business in the Western banking world…However in the Islamic world of banking, ‘excessive uncertainty’…is prohibited…Iraq has a stock market …But I’m very much concerned about the Forex market… because if…Iraq… views the forex market as ‘excessive uncertainty’ they would not join the forex…A closed currency means the currency is only traded and used within the country…This is why you don’t see Iraq jumping to situations that…resemble a currency value increase to the level we are looking for… : Sandy Ingram
