Asia ought already to be a happy hunting ground for Islamic finance, with an average savings rate nearing 40% of income. Yet, during the ongoing global financial crisis, the most acute factor is the lack of credit, even in Asia. How come? For one, the ensuing economic hardships did generate job losses and reduced income levels, thus affecting the volume and value of deposits. Still, the banks by and large had adequate funds in their coffers, but because their portfolio....