Loading ...Finance and Economics 
The Failure of Islamic Finance(53)
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.
Full Story»
Credit Cards: Silver Lining During the Recession
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 alhamdulillah ‘ala kulli hal. One of the positives that I see coming from this crisis is that this recession may perhaps be the wake up call people needed to [...]
Islamic Finance: An Introductory Course. Part-1 (Miller-Modigliani Theorem)
For Muslims, this is an intriguing conclusion. Banks, the source of so much riba, would be really quite useless if the tax rules for dividends and interest were either uniform (i.e. tax deductibility on both) or if there were no tax (like in an Islamic state). So, if perfect market symmetry existed, say in Dubai (where there is no tax), theoretically debt would add no value. Had we had no debt, wouldn’t we have been so much better financially in the world these days??
More in this category
- Khutbah: Lessons From The Current Financial Crisis
- The Financial Meltdown and its Underpinnings of Debt
- The Problem with the Economic System – The Oil Price Crisis (Part 1)
- Pay Off Your Debt – Khutbah by Muhammad Faqih
- Some Thoughts on Islamic Finance and the Mortgage Crisis
- Muslim’s Guide to Debt and Money Management Part 6
