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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 […]

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 […]

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 […]

Previous Posts

the State of the Ummah, 2014/1436
I tuned into President Obama's 2014 SOTU for a while last week - mainly beca

posted 12:06:37pm Jan. 26, 2015 | read full post »

je ne suis pas Charlie #IamNotCharlie
I fully support the right, and I also deeply appreciate the sentiment, of the cartoonist Luz, who is one of the survivors of the despicable attack on the office of satirical magazine Charlie Hebdo that was attacked by Al Qaeda last week. Here is Luz's (translated) statement in full: I invoked all

posted 8:56:46am Jan. 14, 2015 | read full post »

Merry Milad and Happy New Year
This year, Milad al Nabi is closer to the New

posted 12:25:41am Jan. 04, 2015 | read full post »

Have a very Muslim Merry Christmas
And We sent, following in their footsteps, Jesus, the son of Mary, confirming that which came before him in the Torah; and We gave him the Gospel, in which was guidance and light and confirming that which preceded it of the Torah as guidance and instruction for the righteous. -- Qur'an 5:46 And t

posted 11:46:49am Dec. 24, 2014 | read full post »

Vote now in the (delayed slightly) Brass Crescent Awards!
Voting in this year's Brass Crescent Awards is now underway, after a few months' delay. Here's the explanation from the official site: We would like to sincerely apologize for the delay in this year's voting. The reason for the delay was that we did not have sufficient blogsphere nominations as w

posted 10:30:42pm Dec. 18, 2014 | read full post »


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