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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 […]

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 […]

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 […]