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Reforming Economics in Light of Abrahamic Principles

Introduction

The modern day economic system is built upon and around interest-based lending, which allows one class of people to grow rich at the expense of the majority of the population. Interest has been prohibited in all Abrahamic religions for essentially the same reasons, which includes the well-being of humanity, the avoidance of segregating society into the oppressor and oppressed, and en...

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Call for Papers: Dubai International Business and Social Science Research Conference

Dear Colleague:

You are cordially invited to submit a paper for the world's first inter-faith finance and economics event in Dubai, UAE on December 28, 2015.



The DIBSRC Conference provides a forum where professionals, academics, and students from all races, religions, faiths, and philosophies can come together to discuss business, finance, law, and the global financial crisis.

In this unique and e...

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The Treatment of Qard in Takaful

By: Camille Paldi

Takaful or Islamic insurance is a booming industry around the world. In fact, many Western Insurance companies already engage in the takaful business abroad in the Middle East and Malaysia including AIG and Lloyd’s. I believe that takaful can be launched as a major insurance product in the West, as cooperative insurance is not a new or foreign concept in Western countries especi...

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Islamic Finance is Booming Around the World

Introduction

 

Islamic finance is currently growing at a rate of 10-15% per year. It has been suggested that Islamic finance is as common now in the UK as conventional finance and soon it may be as American as apple pie. Currently, there are approximately 500 Islamic banks operating in 75 countries around the world.  In terms of asset base, the share of the GCC Islamic banks constitutes 70% of ...

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Book Review for Islamic Capital Market, Equity, and Sukuk (2014) by Dr. Muhammad Hanif, Associate Professor (Islamabad)

Book Review for Islamic Capital Market, Equity, and Sukuk (2014) by Dr. Muhammad Hanif, Associate Professor (Islamabad)

By: Camille Paldi

 

This scintillating and succinct book is a refreshing, intellectual journey into the heart of Islamic equity complete with an overview of different types of sukuk and explanation of relevant sukuk transactions in the form of a sukuk case-study. In addition, ...

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Snapshot of Noripah Kamso’s Investing in Islamic Funds, A Practitioner’s Guide (2013)

 

Snapshot of Noripah Kamso’s Investing in Islamic Funds, A Practitioner’s Guide (2013)

 

By: Camille Paldi

 

 

 

 

 

Introduction

 

More than 750 Islamic Investment Funds have been established around the world with assets under management (“AUM”) totaling approximately USD$60 Billion compared to 70,000 conventional funds with AUM of USD$19trillion.  Currently, a wide variety of Shari...

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The Current State of and Recommendations for Islamic Finance in the GCC

 

By: Camille Paldi

Currently, there are approximately 500 Islamic banks operating in 75 countries around the world (Asutay, 2011: 41).  Although Islamic finance began with projects such as Mit Gamyr in Egypt in 1963 and Tabung Hajj in Malaysia in 1967, the first Islamic bank, the Dubai Islamic Bank, which is one of the biggest Islamic banks in the world, was incorporated in 1975 in the UAE.   S...

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Islamic Finance is Knocking on the Doorsteps of China

Islamic Finance is Knocking on the Doorsteps of China

 

By: Camille Silla Paldi, CEO of FAAIF, camille@faaif.com.

 

China is already an economic powerhouse and the world’s second largest economy full of highly trained mathematicians, business people, finance experts, and millionaires.  Anyone who gets off of an airplane in Shanghai, China will witness the booming economic miracle of China’s m...

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