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If you thought Wall Street’s debt crisis was traumatic, wait till you the see the consequences of Washington’s debt crisis! Never before in history has a world power like the U.S. been so utterly buried in debt! And never before has that debt been financed so massively by foreign investors! Nineteenth century Mexico, Spain, and Argentina accumulated so much debt, …

© Islamic Finance Today The recent outing of two of the backbones of the recent Islamic Finance phenomena in the Mid East (organised Tawarruq and some types of Sukuk) as possibly Haraam has thrown the cat amongst the pigeons. Now, all of sudden – well meaning Islamic bankers and their customers are finding themselves stuck in the middle. Are they …

  Times Of India NEW DELHI: Aggressively pitching for $1 trillion worth of Sharia-compliant funds from the Gulf countries for investments in its infrastructure development, the UPA government has drafted a report on Islamic banking even as RBI and the finance ministry are jointly working on necessary legislative changes to implement the same. A committee headed by the Cabinet Secretary …

© Islamic Finance Today Nafis Alam is currently attached to the School of Business at Monash University Sunway campus, where he works as Lecturer (Islamic Finance) and has also embarked on a PhD program in Islamic Finance. Nafis has co-authored the ?Encyclopedia of Islamic Finance? which is a first of its kind. Islamic banks operating under the guided principles of …

© Islamic Finance Today Muhammad Ayub is the Author of a well known work on Islamic Finance Understanding Islamic Finance (2007). He is the Former Head of Islamic Banking, National Institute of Islamic Banking and Finance (NIBAF) and Senior Joint Director, Islamic Banking Department, State Bank of Pakistan Corporate Finance’ is related to the relationship between business decisions and the …

© Islamic Finance Today Shaukat  Amer is Assistant Professor of the Department of    Management Sciences, COMSATS Institute of Information Technology,  Attock Campus –Pakistan. He has spoken and written  extensively on Islamic  Accounting  Theory and Principles and on Corporate Governance based on Islamic Valuese Today at a time of economic and financial crises, it is high time that we revamped present …