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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

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 »

The Nation of Islam is keeping the peace on the streets of Baltimore #BlackLivesMatter
No news agency is bothering to cover how thousands of peaceful protestors are expressing their right of free speech in Baltimore, over the killing of Freddie Gray. Instead, the big story is the violence of the few rather than the righteousness ...

posted 2:06:45pm Apr. 28, 2015 | read full post »

G. Willow Wilson's Ms. Marvel nominated for Hugo Award - and needs YOUR support
Few people outside the fandom of science fiction and fantasy probably are aware of the Hugo Awards, but in a nutshell, they are the single most prestigious award for SF/F, launched in 1953 during the Golden Age of sci-fi. These are the Academy ...

posted 9:34:01am Apr. 17, 2015 | read full post »

Bomb blast in Karachi targets Dawoodi Bohra community
This happens almost every day in Pakistan - fanatic hirabists commit arrogant blasphemy and murder ...

posted 8:22:26am Mar. 20, 2015 | read full post »

Proof denies faith
On Reddit, someone posted the following question: "What convinces you that the Quran is the literal Word of God?" I think this is precisely the ...

posted 9:33:46am Mar. 13, 2015 | read full post »

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