Malaysia's Muhammad Ali Hashim says Muslims should engage in a business Jihad

With the western capitalist system on its knees partly as a result of the "greed is good" culture Muhammad Ali Hashim the CEO of Malaysia's Johor Corporation has made a timely plea for Muslim Firms to begin a "Business Jihad" based on the Islamic Principle of Corporate Waqf.

While I agree with the business jihad concept I'm cautious about the need for Muslim firms needing to be fully established into the current economic mainstream as distinct from establishing a credible Islamic economic system based on the Sharia like Islamic finance.

LM completely agrees that Muslim firms - many of whom are small family units need to diversify and expand like Japan however, I would like the current fragile and divisive western corporate system to move towards the Muslim futurist rather than Muslims over leveraging themselves on a false system based on credit, debt and inequality.