Thu, Nov 27, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Islamic Law / Economics more

Islamic economics

Posted on 16 December 2011

News media are providing full coverage of the euro malady, but they have failed to highlight the main reason for this crisis. Yes one of the reasons is overspending. To cover this some European nations resorted to the printing of money or borrowed money from financial institutions on high interest rates.
The root cause is not borrowing but the system of charging interest on unproductive spending. Since it does not generate any positive revenue, the affected countries will not be able to pay back the loan and the amount of loan will increase due to interest. It will become a vicious circle from which they will not be able to escape………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930