Turkish business bloc chief calls for Islamic financial system

The head of Turkey's Independent Industrialists and Businessmen’s Association (MUSIAD), Nail Olpak, slammed the world's financial elite, pointing out that 85 of the world's richest people owned a combined amount of wealth that was equivalent to the poorest half of the world's population.

Turkish business bloc chief calls for Islamic financial system

World Bulletin / News Desk

Nail Olpak, the head of Turkey's Independent Industrialists and Businessmen’s Association (MUSIAD) - a cooperation of conservative investors - has coined the term “Homo Islamicus” in a call to clean up the world's “crooked” economic system.

In saying that the current global financial system has diverged from “the aim of creating sources needed to raise the welfare of societies,” he criticized the unethical approach to global finance of “winning at any cost”.

Olpak slammed the world's financial elite, pointing out that 85 of the world's richest people owned a combined amount of wealth that was equivalent to the poorest half of the world's population (over three billion people).

Proposing a new model he called Homo Islamicus, “the Islamic man,” as the solution, Olpak said, “The principles of Islam, which is the religion of justice and mercy, should be understood well, while seeking the solution to recover from this crooked structure”.

“The old perception based on Homo Islamicus should be reawakened within this respect. This perception is an Islamic-Humanitarian perception,” he was quoted saying by Hurriyet Daily News.

He also praised Malaysia for setting an example for the entire Muslim world in taking, remarkable steps to introduce Islamic concepts of justice to the financial system.

Last Mod: 21 Mayıs 2014, 14:31
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