Islamic finance news

June 19, 2009

Does Islamic finance need for an “Islamic Goldman Sachs”?

Originally taken from “Godly but ambitious” featured out in the Economist (Available at: http://www.economist.com/people/displaystory.cfm?story_id=13856281). MOST practitioners of Islamic finance pride themselves on their modesty. But not […]
June 15, 2009

Arab nations ’need to revert to gold dinar’

By Anwar Elshamy (http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=297072&version=1&template_id=48&parent_id=28) A financial expert has called for abolishing the current paper money system and returning to gold currencies instead, saying it was the […]
May 15, 2009

Is Islamic Finance the Answer?

By Robin Brant. (Available at: http://news.bbc.co.uk/1/hi/business/8025410.stm) Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis. But how […]
May 2, 2009

Islamic banks take share of the pain

By Robin Wigglesworth (Available at: http://www.ft.com/cms/s/0/dbe448be-34d8-11de-940a-00144feabdc0.html?nclick_check=1) Islamic prohibitions against fixed interest and most complicated financial instruments have helped Islamic banks avoid the avalanche of derivative debt […]
April 24, 2009

UK Budget 2009 Removes Tax Hurdles for Islamic debt

By Cecilia Valente (Available at: http://uk.reuters.com/article/businessNews/idUKTRE53L41A20090422?sp=true) LONDON (Reuters) – The government will change its current tax regime to facilitate Islamic-debt issuance and encourage the growth of […]
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