October 23, 2011 | In: Islamic
JEDDAH: The Islamic finance system, which introduces greater discipline into the economy and links credit expansion to the growth of the real economy, is capable of minimizing the severity and frequency of financial crises, says Umer Chapra, a well-known...
Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis. But how does it differ from conventional Western finance? A former executive director of the International Monetary Fund, Dr Abbas Mirakhor,...
September 24, 2011 | In: Islamic
The Vatican said banks should look at the rules of Islamic finance to restore confidence amongst their clients at a time of global economic crisis. “The ethical principles on which Islamic finance is based may bring banks closer to their clients and...
August 11, 2010 | In: Islamic
Bharatbook.com is proud to announce the new report “Islamic Finance Review 2007/08” (http://www.bharatbook.com/detail.asp?id=25938). Why you should read this: • Articles are written by senior decision-makers Islamic...
August 11, 2010 | In: Islamic
Two million Muslims in the UK face an ethical dilemma if they want a mortgage or a loan. Conventional mortgages and loans all require the payment of interest and "riba" as interest is called under Islamic law, is forbidden by the...
April 8, 2010 | In: Islamic
This article talks about the incidental problems faced by Muslims in the world when they need a loan or mortgage from the banks because interest is not permissible under the Sharia’h. The best methods of finance for Muslims are Murabha and Ijara. You...
