27 Jan 09 The Value of Islamic Finance
I have been very busy. But the frequency that I come across articles praising Islamic finance and the principals that it espouses is intriguing. Many Western countries see Islamic banking as a potential out, not only for the funds that have been unaffected by the crisis, but also the moderation and economic sensibilities that come along with this type of banking. Read below an article that appeared in the International Herald Tribune. (more…)
Tags: france, global financial crisis, islamic banking, islamic investment, sukuk
22 Jan 09 Michigan Bank Profits from Islamic Products
Interesting article from CNBC. In light of the current economic climate, it seems that there is a great deal to be learned from these alternative models. The bank in question is University Islamic Financial Corp. We’ll learn more about them in a later post. In the meantime, read this while I struggle in research.
——————
Finance the Islamic way at small US bank
By: The Associated Press | 14 Jan 2009 | 12:05 AM ET
DETROIT - Big financial institutions have been battered by mortgages gone bad. But a tiny Michigan bank is getting attention in the industry by turning a profit on loans without even charging interest.
Its specialty: financial products that comply with Islamic law. That means no collecting interest, no short selling and no contracts that are considered exceedingly risky. (more…)
Tags: Banking, cnbc, detroit, islamic banking, Islamic Finance
