Archive for 'Tag Archives: 'economics''
Finance in a non-Banking World
Sarfraz Wali Introduction The world financial system came into global focus in the aftermath of the 2008 financial crisis that saw companies such as Lehman Brothers, Bear Stearns and AIG effectively collapse under the liabilities that [...]
Snow in Britain – Beautiful but Deadly
Britain lies under a white blanket of snow. Children play while adults moan about un-gritted roads and delays at airports. But the heavy snow – beautiful and pure as it is – highlights a filthy stain [...]
The Illusion of Economic Reform in the ‘new’ Middle East
Ali Harfouch Few Words of ‘Liberty’ Liberation cannot be reduced to economic justice, political independence, or free intellectual inquiry. To do so would be to limit servitude, the antithesis of liberty, to one of many power-structures. [...]
Is the current financial crisis the end of capitalism?
Idries de Vries The credit crisis of 2007 and 2008, which has since then morphed into a global sovereign debt crisis, has shown fundamental flaws in the economic system of capitalism. This does not necessarily imply [...]
Response to ‘Is Islamic law to blame for the Middle East’s economic failures?’
In a recent Time magazine article by journalist Michael Shuman, it was suggested that Islamic Law was the impediment for economic growth and prosperity. The basis of this claim was attributed to the work of an [...]
Introducing the Islamic Alternative to Capitalism
Can you remember the olden days when a billion was a large number? In the midst of this immense financial crisis, it is difficult to keep a sense of proportion while trying to follow the attempts [...]