The Failure of Islamic Finance

By John Foster, former editor, Islamic Business & Finance magazine The Islamic finance industry has often battled with the question: How Islamic is Islamic banking? The question’s pertinence was raised in March last year, when Sheikh Muhammad Taqi Usmani, of the Accounting and Auditing Organization for Islamic Finance Institutions (AAOIFI), a Bahrain-based regulatory institution that … Continue reading The Failure of Islamic Finance