Global finance spoke with Youssef Halawi, Secretary General of the Al-Barakah Forum for Islamic Economics, about the role of Islamic finance and economics as a holistic and sustainable framework for all economies. Global Finance: Against the backdrop of rising debt, geopolitical and economic instability, how is the role of Islamic finance evolving in addressing emerging … Read more
For hundreds of years, there was no need for Islamic finance because there was simply no financial system to “Islamise.” Up until the second half of the 19th century, the vast majority of the Muslim population around the world was unbanked and the prohibition of interest was applied on transactions by tradition rather than by … Read more
The first of five parts of a Global Finance FAQ web series on Islamic finance. In just a few decades, Islamic finance has established itself as a significant player in global finance. Today, with thousands of institutions around the world, this sector is no longer limited to the devout clientele of Muslim countries in the … Read more