Share |

islamic finance

November 1, 2008

Maryann Tan discusses the hot topics in Islamic finance with Professor Rodney Wilson, director of the University of Durham’s Islamic finance programme

Tan: Is the current worldwide economic turmoil a
vindication of Islamic finance philosophy?
Wilson: Yes and no. The present problems are not due to interest rate developments, which obviously Islamic finance doesn't like, but they are a function of the securitisation of markets and of debt. The issue is therefore not the prohibition of interest being vindicated because interest rates have been very low and there are many other problems.

November 1, 2008

Fiona Rintoul looks at the range of products that Islamic finance offers and points out what you need to know to get the best out of them …

According to Armen Papazian, associate at the Judge Business School, University of Cambridge, and former MD at the Dubai International Financial Exchange, Islamic finance has a very peculiar taste to it. "It's beautiful, in fact," he says.

"Applied properly, structured honestly, and delivered with integrity, it solves some of the basic issues that conventional economies have had. It creates a stronger link between the real and nominal dimensions of an economy and entrenches ethics as a core value within the system."

Click here >>