CZECH - The opportunities for Islamic finance in the Czech Republic

The term Islamic finance has hitherto been a relatively unknown concept in the Czech Republic and many people have no idea about the industry. The economic situation in the Czech Republic has obviously been affected by the European and global economic crisis.
Nevertheless, the Czech Republic has been generally successful in comparison with other post-communist European countries. Financial institutions and banks have a long history in the Czech Republic, especially since the time of ‘The First Czech Republic’, the most developed and famous period of the republic, where businesses were founded by Bata, Skoda etc.
Recently however, lax financial principles have caused the failure of a number of entities. In addition, while European and international financial laws have been developed over the last two centuries. Czech financial laws have only developed within the last 20 years.
We are witnessing the failure of the capitalist economic system, which is based on interest and usury. However the capitalist economy has been as a dream for post-communist countries, which previously had to deal with the socialist economy. (full story)

source:  http://www.audit.gov.my/intranet/images/pdf/AAN/2011/koleksi_perpustakaan/vol.%208%20issue%2047%2030%20november%202011%20-%20shariah%20screening-not%20that%20simple.pdf