Today, Islamic banking is grappling with innumerable challenges that have led it to stand at a cross roads.
With international welfare systems all but breaking down and with poverty and inequality rising, it is high time to give serious thought to Islam’s Zakat system.
Global debt levels have escalated to unstable levels largely in response to almost zero interest rates to create a situation that could be ‘worse than 2007.’
Russia’s economic outlook looks excellent going forward while that of Trump’s America looks bleak
Prophet Muhammad (saws) had refused to interfere in the market economy, letting it flow on, following political, economic, social, and natural forces.
The financial system has done more damage to Americans than terrorists could possibly inflict.
Every economy has limited and scarce resources at its disposal. The economic prosperity then depends on how these resources are utilized in an optimum way.
Taking Islam as the basis for general organization allows us to set up all of our life, both spiritual and social aspects, on one foundation.
Interest is like a Termite. It destroys the economy slowly from inside. Only the outlook will look good and it will be hollow inside.
To assess the extent of Islamic investment opportunities on the stock market, one only has to look at the availability of stocks that conform to the norms stipulated by the Islamic Shariah,
Nowadays, people consider obligatory Zakah as being merely a special act associated with Ramadan like Zakat al-Fitr and the fast.
The economic system of Islam offers an equitable, yet viable alternative to the interest-based financial system that prevails globally today.This alternative system has been tried successfully in various forms in different parts of the world –
The appreciable thing about Prof. Yunus is that he targeted only the poor people. But Islami Bank Bangladesh helped others also along with the poor.