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Islamic finance and magical money

posted by Aziz Poonawalla

This is a great article in the London Review of Books about Islamic finance, in the context of the global banking crisis. I found this excerpt particularly insightful:  One of the central differences between the Islamic and conventional approaches to […]

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fiscal crisis explained by stick figures

posted by Aziz Poonawalla

This powerpoint of unknown authorship has been making the rounds of Wall Street brokers, so Barry Ritholz embedded it online in Google Docs for all to share (click it to begin slide show): One thing worth noting, and emphasized in […]

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The fish market

posted by Aziz Poonawalla

Steven Waldman makes an interesting point, quoting a hadith of the Prophet SAW, “Do not buy fish in the sea, for it is gharar .” and suggests that this could be applied to financial transactions like sub-prime mortgages. That’s a […]

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Previous Posts

Ramadan Pearls 04 - angels
He who has fasted for Allah, the Glorious and Mighty, and is in the discomfort of heat and struck by thirst, will have his face wiped and be given the good news by a thousand angels whom Allah has entrusted to him until he breaks his fast; at ...

posted 8:16:29am Jul. 03, 2015 | read full post »

ibadat in Ramadan - process as piety
There are a lot of articles written during Ramadan about what Ramadan means, about what we as Muslims should be "getting out" of Ramadan, what the benefits of Ramadan should be. But I think that these sorts of articles miss the point of ibadat. ...

posted 10:20:36am Jul. 02, 2015 | read full post »

Ramadan Pearls 03 - mystery
Know that the goal in fasting is for the veil of appetite and anger to be lifted from the heart's eye so that the heart may see the mystery of the dominion of heaven and earth. (The Easy Roads of Sayf al-Din, as translated by William Chittick ...

posted 8:57:01am Jul. 01, 2015 | read full post »

Ramadan Pearls 02 - non-existence
Fasting leads to non-existence, for, after all, the joys are there. God is with those who patiently persevere (2:249) (Jalaluddin Rumi, compilation The Essential Rumi) ...

posted 8:47:33am Jun. 30, 2015 | read full post »

Ramadan Pearls 01 - criterion
It was the month of Ramadan in which the Qur'an was first bestowed from on High as a guidance unto Man and a self-evident proof of that guidance, and as a ...

posted 3:36:22pm Jun. 28, 2015 | read full post »

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