Tag Archives: Financial Crisis

Islam and Institution of Interest Based Lending

Danial Pirani In modern times, the institution of interest is regarded as critical for the stability of an economy. Nearly all the economic and financial institutions are, in one way or the other, connected to the interest based transactions. Interest … Continue reading

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Posted in Articles on Islamic Economics, Articles on Islamic Finance | Tagged , , , , , , , , | 12 Comments

Risk Management with Islamic Derivatives: Do We Really Need Them

Salman Ahmed Shaikh Islamic finance industry assets are now worth more than $2.3 trillion by 2019. The industry has shown resilience and double digit growth even in the face of global economic slowdown. After substantial double digit growth in assets, … Continue reading

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Posted in Articles on Islamic Finance | Tagged , , , , , , , , , | 2 Comments

Islamic Economics and Consumer Behavior

Salman Ahmed Shaikh Purpose behind human existence is one the basic questions in philosophy. Centuries ago, pioneer philosophers used to study and discuss ‘why we exist’, but after renaissance in Europe and revolt against Church, social philosophers came to the … Continue reading

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Analysis of Ethical Dimension of the Great Recession (2007-2010)

Salman Ahmed Shaikh The negative effects of ethical emptiness in Capitalism have become more prominent in contemporary economic and financial crises. Lack of an ethical base, unrestrained pursuit of self-interest in production as well as in consumption and interest based … Continue reading

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