There is an increase in demand for academic research in Islamic finance . Some believe Islamic banking principles would have avoided the crisis . Islamic banks do not charge interest or fees in asset - backed securities . We are seeing a lot of non-Muslim countries , including the UK , France , Japan , Hong Kong and Singapore encouraging Islamic finance , '' he said . Some rules are similar to those used for ethical investments .
There is an increase in demand for academic research in Islamic finance . Some believe Islamic banking principles would have avoided the crisis . Islamic banks do not charge interest or fees in asset - backed securities . Some rules are similar to those used for ethical investments .