MuslimMatters.org Discourses in the Intellectual Traditions, Political Situation, and Social Ethics of Muslim Life

The charity of Ramaḍān, like the spirit from whence it emerges, allows us to move beyond the costs of things, and helps us get back into contact with their worth. Read More »

So do Muslims just ignore the education system and condemn themselves to the lower stratums of society for the foreseeable future? Should we grin and bear it? Or should we push forward proposals for a permissible alternative for all those Muslims (and non-Muslims) who don’t want to get involved with interest or usury? Read More »

Part 3 of a three part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »

Part two of a three-part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »

Part 1 of a three-part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »

A justification - How can Muslims determine if a financial contract or institution is in compliance with Islamic financial transaction principles? To know how, read on... Read More »

Islamic microfinance is becoming an increasingly popular mechanism for alleviating poverty, especially in developing countries around the world. The Islamic finance industry as a whole is expected to reach over $2 billion dollars in 2012 and is a continually growing sector due to its ethical principles and prohibition of riba (interest). Read More »

Cross-posted from The Wall Street Journal By KATY BURNE A group of 16 banks resolved a quandary that has dogged the $1 trillion Islamic financing market for nearly three decades: how to represent rates on interbank funding when Islamic principles prohibit firms from charging interest.   The banks—working with industry ... Read More »

The Islamic finance industry has often battled with the question: How Islamic is Islamic banking? The question's pertinence was raised by Sheikh Muhammad Taqi Usmani who said that 85% of Sukuk, or Islamic bonds, were un-Islamic. Read More »

While we are all worried about the recession, and many people are facing tough times with downturned businesses and lay-offs, we are still taught to say alḥamdulillāh 'ala kulli hal. One of the positives that I see coming from this crisis is that this recession may perhaps be the wake ... Read More »