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City of Brass

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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 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 »

Why orthodox muslims should celebrate the gay marriage ruling
The news that the Supreme Court has struck down barriers to same-sex marriage nationwide is truly a victory for civil rights. While homosexuals haven't faced the same sustained, institutionalized violent terrorism that black Americans suffered, ...

posted 9:29:00pm Jun. 27, 2015 | read full post »

Ramadan is coming - the Muslim remembers
In about a week, I move from Wisconsin to Los Angeles, so I will no longer be the Sheikh in the North beyond the Wall. However, even moving to (LA) Kings' Landing doesn't stop Ramadan. “Oh, my sweet summer child," Old Nan said quietly, ...

posted 5:30:43pm Jun. 02, 2015 | read full post »

Has Lindsay Lohan converted to Islam?
Short answer: probably not. Lindsay Lohan was recently spotted carrying a copy of the Qur'an as she left a children's daycare where she's serving her court-ordered sentence of community service. As the article at The Daily Mall helpfully ...

posted 9:52:36am May. 14, 2015 | read full post »

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