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Islamic finance: Exotic or expansive?

Posted on 12 November 2012

Sitting in a room full of energy bankers and lawyers one evening, I listened to an esteemed Ivy League professor explain how he was able to bridge two disparate academic fields on his way to becoming one of the pioneers of Islamic finance.
Working alongside respected Islamic theologians in order to convince a wealthy Muslim investor to put his money into a particular deal, the working team repeatedly hit walls in their efforts to reconcile the concepts of risk, credit, security, and cost of capital with the documented words and actions of the Prophet Mohammed. As a last resort, the professor and the scholars tossed out their case studies and scriptures and drew up a simple analogy:……………………………………….Full Article: Source

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


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