Is your economy sharia compliant?

The Guardian Also linked to by the Wall Street Journal Our system of sovereign sukuk ratings could benefit the global economy and promote better cross-cultural relations Imaduddin Ahmed Wednesday 2 February 2011 Think of two of the most common problems highlighted in today’s news: the state of the global economy and violence at the hands … Continue reading

What if the world had been following Islamic financial practices?

The Guardian Also linked to by Bloomberg Businessweek It has its limitations, but it’s worth considering how the Islamic approach to banking might have prevented the financial crisis Imaduddin Ahmed 7 January 2011 Sub-prime loans, which caused housing foreclosures in the US, are not allowed in Islamic finance. Photograph: Alex Wong/Getty Images Imagine a world … Continue reading

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