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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

Obama quoted my letter about my daughter
This is a guest post by Ali Asghar Alibhai. There is no question that the America my generation grew up in is much different than the America of now. I grew up in West Texas, a place that some might consider as among the most conservative in ...

posted 1:30:00pm Feb. 04, 2016 | read full post »

Who was Saudi Shi'a Sheikh Nimr al-Nimr?
Yesterday, the Saudi government executed the Shi'a cleric, Sheikh Nimr al-Nimr, as an enemy of the state. His ...

posted 2:12:32pm Jan. 03, 2016 | read full post »

Hijab Wars
It's fundamentally problematic for a man to weigh in on hijab. That hasn't stopped me from wading into the topic before (see: The Burka and the Bikini), but the only conversation of substance that can happen on the topic is between Muslim women, ...

posted 3:13:28am Dec. 22, 2015 | read full post »

Misquoted verses in the Qur'an (and the Bible)
This is a popular graphic that makes the ruonds on Facebook from time to time, so I thought I'd publish it here for reference. These five verses are among the most common ones that Islamophobes use to justify arguments that Muslims are evil ...

posted 12:15:12pm Dec. 15, 2015 | read full post »

Trump, the cartoon enemy
It needs to be said - that Trump is a symptom, not a disease. There has been a GOP War on Muslims for years, and despite heroic efforts by Republican Muslim Americans to sway opinion, the bottom line is that Muslim hatred is a prerequisite for ...

posted 12:50:28pm Dec. 11, 2015 | read full post »

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