Have the tables turned? Read former Malaysian Prime Minister's economic advice to the West. "Europe... has lost a lot of money and therefore you must be poor now relative to the past," he reasons in an interview with BBC. "And in Asia we live within our means. So when we are poor, we live as poor people. I think that is a lesson that Europe can learn from Asia." 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 »
By RACHEL ZOLL Businessweek.com In the ballroom of an upscale hotel a short train ride from New York, advertisers, food industry executives and market researchers mingled — the men in dark suits, the women in headscarves and Western dress. Chocolates made according to Islamic dietary laws were placed at each ... Read More »
The time has come for us to break free from the shackles of inferiority that have imprisoned our minds, teaching us that Islam is backwards, out-of-touch, impractical, and if not properly modernized and sanitized, barbaric, medieval, dishonorable, and outright embarrassing. The time has come for us to turn our attention away from that which raises a nonMuslim in this world to that which raises a Muslim in both this world and the next. Read More »
At the bank's corporate headquarters, expert bankers recognize Pajja's customer loans as assets and transform these customer assets into BONDS. These negotiable instruments are given exotic names such as SIRIBOND, PAYABOND, MAGHAZBOND AND BONGBOND. Read More »
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