Friday, 1 October 2010

Islamic finance discussion

Isla MacFarlane,, More than meats the eye, 23 Sep 2010 "On an internet forum, one British Muslim twittered, “As a Muslim who was very enthusiastic about Islamic finance (and still is), I want to pinpoint some reasons why I and many others didn't go for these ‘Islamic’ products. There was a lot of hype among British Muslims when these Islamic products were introduced, which then turned into a big disappointment when we realised that these products were the same as conventional products just sold with Halal stamp and extra premium. This turned into anger once it was realised that our beliefs were being exploited by the same old capitalists."

Interesting piece on halal finance/Islamic banking.