Tariq Al-Rifai, Author of “Islamic Finance and the New Financial System: An Ethical Approach to Preventing Future Financial Crises”
25-May-15 10:22
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Created by Tan KW | Aug 27, 2024
Islamic Finance is worse, because they tried to circumvent interest by creating pusing and spinning things, until they all confused. It added costs and too rigid, detached from the things it should be related to.
Also Islamic finance too much love on gold, wanting to replace currency with gold, while they forgot that the Quran mentioned about the prevention of gold hoarding in one of its chapter. Check book on "kegagalan emas", written in malay though, explained it fully. Also mentioned about interest is ok, showed the mathematics of it...
2015-05-26 10:21
914601117
same same. Look at saudi's stock market (TASI) plunging from 20,000+ to 6,000. Dubai crisis etc. No exception when come to capitalism.
2015-05-25 20:17