Tags » Islamic Finance

Is Islam an Impediment for Development in Muslim Countries?

Civilizations die from suicide, not by murder (Toynbee, 1957)

The history has witnessed the glorifying period of Muslim civilizations for millennium. However, that was just a myth now since Muslim countries are plagued by a lot of problems such as illiteracy, poverty, unemployment, health issues, freedom, and many other things so that they can be categorized as the developing or underdeveloped countries. 1,400 more words


Roadmap for Islamic banking

Classified under ‘fundamental rights’, the weight of Indian Democracy gets increased when it comes to “right to freedom of religion” Article 25 “Freedom of conscience and free profession, practice and propagation of religion” Article 26, “Freedom to manage religious affairs” Article 27, “Freedom as to payment of taxes for promotion of any particular religion” Article 28, “Freedom as to attendance at religious instruction or religious worship in certain educational institutions”. 663 more words


To JK Bank Chairman

Accept my hearty congratulations on being appointed as the chairman of JK Bank. This letter is in response to your goodwill gesture for introduction of Islamic banking in JK Bank. 562 more words


Principles and practice of Islamic Banking

Dec 22 2017 –

Dada AdefolamiIslamic finance and banking system

By Dada Adefolami

The World Bank Group and the Islamic Development Bank published the first Global Report on Islamic Finance, which details the prospects for the global Islamic finance industry and its potential to help reduce worldwide income inequality, enhance sharing prosperity, and achieve the Sustainable Development Goals. 2,750 more words