I think Here the term the Islamic Financial System is used in a broader meaning.According to my knowledge and in my opinion,it does not seem a fact that the west is becoming a hub of the Islamic financial system.In west,the whole system is based on the conventional banking system which leads to capitalism.All the western countries are still insist to continue their own banking system which is contrary to the Islamic banking system.
I think Here the term the Islamic Financial System is used in a broader meaning.According to my knowledge and in my opinion,it does not seem a fact that the west is becoming a hub of the Islamic financial system.In west,the whole system is based on the conventional banking system which leads to capitalism.All the western countries are still insist to continue their own banking system which is contrary to the Islamic banking system.
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