Category: Islamic Economy
Islamic Finance: A 50-Year Journey to Ethical Banking
Fifty years ago, Islamic banking and finance were virtually unheard of. Today, the industry is on the verge of reaching $5 trillion in assets by 2025, [...]
Understanding Riba in the Context of the Prophet’s Era and Modern Economics
The doctrinal position on Riba (translated as interest) is well-known among Muslims, clearly outlined in the Quran and Hadith. However, it is essentia [...]
What is Riba? An Alternate Perspective: Part 1
We, the members of the Islamic center of Greater Toledo, OH took a 3 million dollar bank loan for the initial construction of the mosque in 1981 and a [...]
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