Thus zakat enables the distributive allocation works independently and help stabilize the extreme business cycles. As for 5  awqaf, since the principal of awqaf will always increase from time to time, due to return of productive activities and new awqaf collection, awqaf could act as shock absorber of economic shocks. Distinguished guests, ladies and gentlemen, 22.
Under normal circumstances, policy makers on both sides of the Atlantic are likely to take similar decisions. However, around the time that the economic cycle is changing and growth is slowing rapidly, you might see different decisions being taken in Frankfurt and in Washington reflecting our different mandates.