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Can Islamic finance provide salvation for the banking sector? by Jikon Lai

Is there such thing as an ethical finance system? Proponents of Islamic finance believe so. Image from www.shutterstock.com

  Islamic finance has grown and expanded rapidly in recent years. It was recently announced that, following in the footsteps of some of its European neighbours, Germany will soon have its first Islamic bank — which is ironic if you think about the history of the country. Ireland, a country of arguably staunch Catholics, is alsomaking a bid to be a global hub for Islamic ... Read More »

Cameron unveils Islamic bond plan – bbc.co.uk/

david cameron

Prime Minister David Cameron has announced that the UK will become the first non-Muslim country to issue an Islamic bond. At the World Islamic Economic Forum (WIEF) in London, he also announced plans for a new Islamic index on the London Stock Exchange. It is intended to attract more Islamic investors by making it clearer which companies match their criteria. ... Read More »

‘Islamic banking is not for Muslims alone’ Faizy SYED

Although the word ‘Islamic’ refers to beliefs specifically related to Muslims, it is a different case altogether with Islamic banking and finance. It is a sophisticated banking and finance structure based on moral and social values, which is compatible with the modern day financing needs, and hence, is receiving overwhelming response from Muslims and non-Muslims alike. Islamic banking Sometime ago, ... Read More »

How Money is Created: Ben Dyson Explains the Debt Crisis Positive Money

Ben Dyson explains how banks make 92% of their investments in non-productive businesses, like speculative property bubbles, which has led to the massive unemployment that we see and repetitive boom and bust cycles.  === Uploaded by PositiveMoneyUK  January 10, 2012 Ben Dyson gives clear answers to 3 Key Questions:  1) Who creates money?  2) How much money do they create?  ... Read More »

Islamic finance: Alleviating poverty in Sri Lanka

In order to solve the issue of poverty in Sri Lanka, MUATH MUBARAK highlights the initiatives that have been taken by Islamic finance institutions in Sri Lanka. Sri Lanka has been heavily engaged in solving the civil armed violation in the country for the last three decades and the government was finally able to put a full stop to the conflict two years ago. This ... Read More »

Prophet Muhammad: The Economist By Mansoor Durrani

Introduction: “It is clear that we should be self-sufficient and not rely on debt. That we should live more simply, consume more wisely, think of generations to come, and wonder what desires we want to plant in children’s hearts…..Bringing decency back into debates, normalcy into pay rates (checking greed), and ancient truths into temples is going to take a fight.” ... Read More »