IslamicFinance.de

A leading economist says the practice of jailing debtors is morally wrong. In the rest of the world it is the banks’ responsibility to try to assess the credit worthiness of individuals. Prof Batchelor is trying to rebuild Dubai’s image. He thinks that Dubai could treat people who might have stayed and set up a business a little better. They shouldn’t be faced with the idea of going elsewhere in the world. Abdulfattah Sharaf, HSBC's head in the UAE, keeps his idea that jailing debtors remained an effective way for banks to retrieve bad loans.