Banking scholars also argue that Islamic law blocked indigenous financial modernization in Muslim countries because of an inheritance system that restrained capital accumulation, inhibitions on pooling resources that discouraged investment diversification, and a traditional aversion to the concept of legal personhood for corporations, which hampered the development of financial entities.

FORBES: Magazine Article

So Germany is being urged to stand behind the euro by accepting the pooling of sovereign debt and collective action to shore up the banking system.

ECONOMIST: Charlemagne