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Self-Reliance: Islamic Finance

A collection of 2 posts
Self-Reliance: Islamic Finance

Are the Muslims Right about Debt?

The Quran denounces riba in the most categorical terms. The term riba is synonymous with the traditional concept of usury, and in modern terms, generally means interest, i.e. exploitative interest on debt, especially to the poor.  Generally, it excludes commercial discounting on current trade — which is not usury or
03 Jan 2014 1 min read
Archive: Pakistan

Record 'Sukuk" - Islamic Bond offering - by Pakistan

From the QeRN archive (2005): Pakistan's record sukuk showed Global South states could tap Islamic finance at scale — an early case study in building independent financial institutions.
26 Jan 2005 5 min read
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