VOICED: Islamic banking bucks financial crisis

Islamic banking in Lebanon is reshaping the economic landscape by aligning traditional banking with Koranic ethics, prohibiting interest, speculation, and unethical investments. It avoided the subprime crisis, presenting itself as a viable alternative to conventional systems. Despite criticisms about transparency, Islamic banks are expanding globally, emphasizing ethical finance for all. The Vatican has even suggested conventional banks learn from Islamic practices.

In what ways is Islamic finance presented as a solution to the current financial crisis?

What is the significance of the Vatican's call to conventional banks regarding Islamic finance?