The Failure of Islamic Finance

The Failure of Islamic Finance

By MuslimMatters on from muslimmatters.org

The Islamic finance industry has often battled with the question: How Islamic is Islamic banking? The question's pertinence was raised by Sheikh Muhammad Taqi Usmani who said that 85% of Sukuk, or Islamic bonds, were un-Islamic.
 For Muslims, There's the iFreedom Plus MasterCard

For Muslims, There's the iFreedom Plus MasterCard

By l0gikal on from www.chron.com

For the first time in North America, a company is offering a credit card specifically aimed at Muslims. It's called the iFreedom Plus Mastercard, and yes, it's Shariah (Islamic law) compliant. With no interest, no bills, and no credit card debt, it's perfect for Muslims who have previously shunned traditional credit cards or have had to pay their balance in full each month to avoid paying interest, which is prohibited in Islam. It's an interesting combination of Muslim and Western consumer cultures, or at the very least, some sound financial ideology.
Fairweather France Adopting Islamic Finance

Fairweather France Adopting Islamic Finance

By socalmuslims on from www.socalmuslims.com

France, an opponent of Islam, considers adopting an Islamic Finance system in a shock of irony

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