ECONOMIC SYSTEM

Can Islamic finance provide salvation for the banking sector? by Jikon Lai

  Islamic finance has grown and expanded rapidly in recent years. It was recently announced that, following in the footsteps of some of its European neighbours, Germany will soon have its first Islamic bank — which is ironic if you think about the history of the country. Ireland, a country of arguably staunch Catholics, is alsomaking a bid to be a global hub for Islamic …

Read More »

Cameron unveils Islamic bond plan – bbc.co.uk/

Prime Minister David Cameron has announced that the UK will become the first non-Muslim country to issue an Islamic bond. At the World Islamic Economic Forum (WIEF) in London, he also announced plans for a new Islamic index on the London Stock Exchange. It is intended to attract more Islamic investors by making it clearer which companies match their criteria. …

Read More »

‘Islamic banking is not for Muslims alone’ Faizy SYED

Although the word ‘Islamic’ refers to beliefs specifically related to Muslims, it is a different case altogether with Islamic banking and finance. It is a sophisticated banking and finance structure based on moral and social values, which is compatible with the modern day financing needs, and hence, is receiving overwhelming response from Muslims and non-Muslims alike. Islamic banking Sometime ago, …

Read More »

How Money is Created: Ben Dyson Explains the Debt Crisis Positive Money

Ben Dyson explains how banks make 92% of their investments in non-productive businesses, like speculative property bubbles, which has led to the massive unemployment that we see and repetitive boom and bust cycles.  === Uploaded by PositiveMoneyUK  January 10, 2012 Ben Dyson gives clear answers to 3 Key Questions:  1) Who creates money?  2) How much money do they create?  …

Read More »