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Articles on Islamic finance

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The growth of Islamic banks provides Muslims living in North America with options that reflect their beliefs. (Shutterstock)

Islamic finance provides an alternative to debt-based systems

Shariah law informs financial contracts and credit systems, and the growth of Islamic financing options provides an alternative to current debt-based banking systems.
Wes Mountain/The Conversation

Comic explainer: how does Islamic finance work?

Interest runs the financial world, but it’s banned under Islamic law. In this comic explainer, Mamiza Haq explains how Islamic finance works and the problems arising as the conventional and Islamic finance worlds collide.
Greek prime minister, Alexis Tsipras: praying for a new debt deal? EPA/Yannis Kolesidis

Lessons from Islamic Finance for a Greek debt swap deal

Greece and its creditors remain locked in a heated debate over how its debt should be financed. The newly elected Syriza government need to renegotiate their current bailout programme, in order to carry…
A long way from Wall St. Jairo Londono

Explainer: how does Islamic finance work?

At the World Islamic Economic Forum in London, David Cameron has announced the UK is to become the first non-Muslim country to issue Shariah-compliant bonds and that a special Islamic index will be created…
Sharia-compliant products are growing in popularity around the world, especially in Malaysia, Iran and Saudi Arabia, with huge potential for growth, according to Standard & Poor’s. AAP/Lukas Coch

Hockey should put Islamic finance on his Inquiry’s agenda

A topic which warrants inclusion in Joe Hockey’s planned Financial System Inquiry – but probably won’t make it in – is the regulatory and institutional impediments to Islamic finance. The 2% of the Australian…
Is there such thing as an ethical finance system? Proponents of Islamic finance believe so. Image from

Can Islamic finance provide salvation for the banking sector?

Islamic finance has grown and expanded rapidly in recent years. It was recently announced that, following in the footsteps of some of its European neighbours, Germany will soon have its first Islamic bank…

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