Islamic Finance News- MALAYSIA: FWD Takaful names James Loh as new chairman
- GLOBAL: IFSB adopts standards on financial inclusion and lender-of-last-resort facilities
- US: Sidra Capital acquires second US industrial real estate portfolio in US$206 million deal; AUM grows to US$2 billion
- SAUDI ARABIA: Tawuniya inks agreement with Ministry of Hajj and Umrah to cover foreign pilgrims
- BAHRAIN: Islamic International Rating Agency reaffirms GFH’s ‘BB/B’ ratings
- SAUDI ARABIA: Saudi Arabian Monetary Authority releases draft rules for activities supporting financing
- IRAN: Central Bank of Iran enhances anti-money laundering rules by imposing new ceiling on interbank transactions
- IRAN: Central Bank of Iran extends IRR70 trillion (US$500 million)-worth of financings to startups and knowledge-based companies since March
- BAHRAIN: National Bank of Bahrain makes official offer to fully acquire Bahrain Islamic Bank
- SAUDI ARABIA: Ehab Mohammed Al-Dabbagh resigns from Buruj Cooperative Insurance Company’s audit committee
Tag Archives: Socialism
Islamic View on Scarcity of Resources
Maher Kababji Socialists claim that economic problems arise from the extraction of surplus value by the Capitalists in the production process. On the other hand, Capitalists urge that scarcity of resources is the basic economic problem which restricts output growth … Continue reading
Critical Questions on Marxian Economics
Salman Ahmed Shaikh Marx said that labor creates surplus value in production process which the capitalists extract in exchange. The surplus accumulates and this is exploitation of labor by capitalists. However, we note few observations below. First, the payoffs to … Continue reading
