Islamic Finance: Protects Humanity and Preserves its Morals
May 11, 2023The first “Sharia-compliant” obligation dates back to the Ottoman Empire in 1775. In 2004, Germans were the first Europeans to issue a “sukuk,” an Islamic bond that attracted investors from the Gulf, Saudi Arabia, Malaysia, the United States, Japan, and Hong Kong. This instrument was specifically an “ijarah,” a vehicle that aimed to collect rents…
Would the West accept being saved by Islamic finance?
January 19, 2019The Nobel prize winner for economics, Eugene Fama, born in 1939 and one of the fathers of monetarism and the neoliberal ideology, is known for having pre-emptively asserted that “the idea of efficient markets is a simple assertion that states that the prices of securities and assets reflect all the information known”. It is in…