Islamic Finance

UK is one of the countries that have either downsized their defence budgets or made marginal increases in a bid to cut budget deficits.  Credit:US Navy/public domain UNITED NATIONS, Apr 17, 2012 (IPS) – The global economic crisis – which had its origins back in 2008 – has had a spreading negative impact on military spending worldwide, according to a …

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, …

As the currency weakens many countries that use the dollar are searching for alternatives. China is expected to be the top world economy in a matter of years. To add insult to injury, the BRICS countries have decided to lose the dollar and use their own currencies. So what does this mean for the US dollar? According to many economists, …

A longtime advocate of proper financial education, I have called repeatedly for incorporating economics and financial literacy in school programs. There are a number of reasons why this is important. First, children are exposed to many more consumer choices than previous generations. Second, financial products and services are increasingly targeting the younger people and are therefore more appealing and user-friendly. …

As the 1% reap 93 percent of the income gains from the recovery, we’re rapidly returning to pre-New Deal levels of inequality. March 11, 2012 "New Deal 2.0" — There was a brief debate focused on the following question: would the gains of the economy continue to accrue to the top 1% once the recovery started, or would they have a weak …