Dinarstandard:The Islamic world profiled modalities of capitalism in 8th/9th century, but today’s Muslim country Islamic finance hubs are missing two vital aspects: addressing ‘have nots’ (micro-finance), and deploying the funds of ‘haves’ into Islamic VC funds.

My focus in this article is on the latter--interplay between risk capital and innovative ideas for strategic localised benefit. The Chairman of Malaysia’s Securities Commission, Zarinah Anwar, stated in a keynote speech in 2007, ‘…how can Malaysia distinguish itself in the emerging market venture capital [VC] pool? Our belief is that Islamic VC provides that distinguishing factor.’...continue