Yoda: Are Islamic Finance and Ethical Economics the Same?

Civil Society, Commerce, Commercial Intelligence, Ethics
Got Crowd? BE the Force!
Got Crowd? BE the Force!

Think, we do.

How Islamic finance and a more ethical capitalism go hand-in-hand

In first place, the most-read article on the Guardian Social Enterprise Network for 2013, was Sheeza Ahmad’s thoughts on how Islamic finance and a more ethical capitalism go hand-in-hand. As the founder of social enterprise HelpingB, he argued that the Qur’an’s teachings of business reflect objectives of the worldwide social enterprise movement.

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EXTRACT

Linking financing to real assets, as opposed to ‘virtual’ money, is what distinguishes Islamic banking from conventional finance. So what would the current financial landscape look like if the attitude towards money lending and interest shifted towards the Islamic model?