Inspiration
Faith & Prayer
Health &
Wellness
Entertainment
Love &
Family
Newsletters
Special Offers
City of Brass
Islamic finance and magical money
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 finance is that our own cults – which may well see a revision before the…
fiscal crisis explained by stick figures
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 above, is that the entire crisis arose because of the assumption that house prices…
The fish market
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 great tassavur (exegesis), one that I hadn’t heard before, but will certainly quote from now…
archives
most recent
search
this
blog
More from Beliefnet and our partners
More from Beliefnet and our partners
Close Ad