The world’s monopoly currency is still on the slide as the US’s trade partners watch and attempt to navigate a strategy that will safeguard their own economies. The evidence suggests that more and more Central Banks are diversifying their reserves away from the greenback. Perhaps this turn of events will offer a chance for world trade to revert back to …

It is a common practice to equate the English word ‘Interest’ with the ancient Arabic word ‘Riba’. However, this simple correlation disregards the subtle nature of Riba… THE TERMS ‘INTEREST’ AND ‘RIBA’ ARE NOT ENTIRELY SYNONYMOUS The meaning & definition of Interest appropriate for our purposes is the one in common use, which happens to be a “surcharge on the …

Islam has laid down a number of laws governing human conduct to ensure the wellbeing of society. A good part of these rules are of a financial nature, governing financial transactions and prohibiting certain undesirable practices such as usury, hoarding and bribery which militate against economic justice and fairplay. Needless to say, Islam envisages a just economic order where all …

The film Slumdog Millionaire after already having won several international awards has gone on to win no less than eight Oscars. No film, it appears, has ever provoked so sensational an international response as this one. What on earth is all this about? The question arises because on the surface it seems to be no more than an average rags-to-riches …

Muslim presence in the North dates back to eighth century. According to historians forefathers of present Muslims were present in the North of Sri Lanka as far back as the eight century.  Mannar and Jaffna are two places recorded in history. Muslims have been engaged in Trade and other vocation in the Jaffna area. They were settled in number of …

In my article Lasantha and Democracy in the Island of January 21 I argued that the LTTE is loosing the war because it practices dictatorship while the Government is relatively democratic, which fits in with the fact that in the modern era wars are invariably won by the more democratic side. I argued further that the explanation for what looks …