3 articles tagged Islamic banking.
A critical examination of risk-sharing, profit calculation, and the 'debt merchant' paradox in modern Islamic Financial Institutions. A Socratic inquiry into the gap between Shariah theory and banking practice.
In our meticulous effort to avoid the sin of Riba, have we inadvertently created a system that commits a greater one, the sin of abandoning the Ummah? In our focus on the letter of Shari'ah, have we forsaken its very spirit?
Can one truly avoid riba in a system where the currency itself is born from it? This paper challenges prevailing assumptions about applying classical Islamic rulings on riba to modern fiat currencies.