Expert Insights

Debt versus equity

Is the rise in Islamic finance providing global regulators with an opportunity to bring about fundamental change in governance, and the demise of the oppressive interest-rate policy, through the adoption of the Islamic principle of shared risk and profit? CARALINE CLARKE explores. One of the fundamental differences between conventional western and Islamic banking systems is …

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Takaful: The truth about the business model and the misconceptions

Deciding on the right insurance policy whether on a personal or a business level can be confusing and misleading in the absence of basic understanding of Takaful, its definition, business model, special offerings and purpose. In this article, OSAMA ABDEEN would like to touch on a very important aspect concerning the misconceptions of the Takaful …

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Zakat as a global fiscal tool

Zakat as a global fiscal tool

The response to the 2008 economic crisis has relied on monetary stimulus, in the form of quantitative easing and ‘near-zero’ interest rates. Nonetheless, it did lack structural reforms. As a result, the excess liquidity injected into economies by central banks was not allocated efficiently, and global asset prices rose to levels even higher than those …

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