Point And Shoot With Fast Shutter

In real estate transaction in 5 is of Arabic origin

(Sole24ore)

Until a few months ago about the spread of Islamic finance seemed excessive, now that the economy revolves around the Koranic laws appears instead of the few to have absorbed the international crisis. After the financial crises of states U.S., Europe and Russia, the real financial powers on the market today seem to be the Persian Gulf countries. And then the Islamic finance, and Arabic, the re-emergence. Maybe for events with that business seems to have little to do as the attempted purchase of Kaka from Manchester City of the sheikh of Mubadala fund (the fund that bought the Manchester). According to a study by Jones LangeLaSalle in 2008 the Gulf countries were the largest foreign investors in real estate with five billion dollars in the first half of 2008 (2.6 billion just in the UK and one in the U.S.) and the balance of 'full year should be well over 7.6 billion recorded in 2007. Could reach 25% of the total of all the great global transactions, as in the first half of 2008 the worldwide total is now up to $ 23 billion. The GCC (Gulf Cooperation Council) is a power that now attracts the interest of any seller.

GCC includes Saudi Arabia, UAE, Qatar, Bahrain, Kuwait and Oman. Countries that are working to create a common currency but with great differences within them, some Western military bases are home, others prohibit drinking alcohol or driving licenses for women. In short, a world that, despite the increasingly frequent exchanges with the West, maintains deep peculiarities. As the prohibition of interest income which in fact the basis of Western finance. And the Islamic finance is particularly strong because its dictates by protecting them from the mechanisms that have crippled the world economy and reduced securitization financing only for real assets, as they explain all'Assaif (advice for Islamic finance). And since we do not have to adhere to the Islamic religion (for example 25% of financial assets in Malaysia although it is not respectful of the Shari'a is not surprising that an Arab country is catching on worldwide.