Is there enough evidence to indict Ben Bernanke and Alan Greenspan on charges that they aided and abetted the banks and other financial institutions in the sale of fraudulent loans to investors? That depends on whether there is sufficient proof to show whether the two men KNEW that the nation’s lenders were engaged in large-scale predatory [...] [...more]
If you thought Wall Street’s debt crisis was traumatic, wait till you the see the consequences of Washington’s debt crisis! Never before in history has a world power like the U.S. been so utterly buried in debt! And never before has that debt been financed so massively by foreign investors! Nineteenth century Mexico, Spain, and Argentina accumulated [...] [...more]
© Islamic Finance Today The recent outing of two of the backbones of the recent Islamic Finance phenomena in the Mid East (organised Tawarruq and some types of Sukuk) as possibly Haraam has thrown the cat amongst the pigeons. Now, all of sudden – well meaning Islamic bankers and their customers are finding themselves stuck in [...] [...more]
Times Of India NEW DELHI: Aggressively pitching for $1 trillion worth of Sharia-compliant funds from the Gulf countries for investments in its infrastructure development, the UPA government has drafted a report on Islamic banking even as RBI and the finance ministry are jointly working on necessary legislative changes to implement the same. A committee headed by the [...] [...more]
© Islamic Finance Today Nafis Alam is currently attached to the School of Business at Monash University Sunway campus, where he works as Lecturer (Islamic Finance) and has also embarked on a PhD program in Islamic Finance. Nafis has co-authored the ?Encyclopedia of Islamic Finance? which is a first of its kind. Islamic banks operating under [...] [...more]
© Islamic Finance Today Muhammad Ayub is the Author of a well known work on Islamic Finance Understanding Islamic Finance (2007). He is the Former Head of Islamic Banking, National Institute of Islamic Banking and Finance (NIBAF) and Senior Joint Director, Islamic Banking Department, State Bank of Pakistan Corporate Finance’ is related to the relationship between [...] [...more]
© Islamic Finance Today Shaukat Amer is Assistant Professor of the Department of Management Sciences, COMSATS Institute of Information Technology, Attock Campus –Pakistan. He has spoken and written extensively on Islamic Accounting Theory and Principles and on Corporate Governance based on Islamic Valuese Today at a time of economic and financial crises, it is high time that [...] [...more]
© Islamic Finance Today Rayan Mohammed graduated with a BA in Economics and Law from the University of Leicester before completing an LLM in International Business Law at University College London. His thesis focused on the challenges facing Islamic banking and discussed legislative obstacles and regulatory issues such as the Shari’ah Supervisory Board and Capital adequacy [...] [...more]
The University of Adelaide Business School. Adelaide, Australia © Islamic Finance Today The commercialisation of the Islamic financial system in the 1970s was greeted with both hope and scepticism. More than three decades later the system is widely accepted and practiced worldwide. But the future of Islamic finance remains shrouded with uncertainty due to the lack of [...] [...more]
© Islamic Finance Today Described by The Economist as a “polymath”, and by his clients as “brilliant and fresh”, Joe DiVanna is the Managing Director of Maris Strategies Limited, an innovation think-tank providing research and advisory services to the financial services industry, global businesses and governments. He is the author of the annual Top 500 Islamic [...] [...more]
