Raphie Hayat conducted a research on ‘Islamic finance’ concluding that this is not safer than ‘regular financing’, as is often argued. Question: Is Islamic financing nothing more than a trick to attract Muslims? Hayat: It is a bit too farfetched to call it a trick. For a company to be called ‘halal’, it has to…
University Paris IX Dauphine will launch a sharia-complaint Islamic Finance program beginning in October 2009 – a topic deemed unknown and promising. Elyès Jouini, the director of Dauphine’s Institute of Finance (IFD) claims that “the demand from non-Islamic financial institutions who wants to train their collaborators in these methods for their Muslim clients is growing.”
The first Islamic Finance created in France, Shariah Liquidités, has closed following a lack of satisfactory returns. Beginning a year ago in la Reunion as a subgroup of the Société générale, all 200 subscribers have been reimbursed.
The American Muslim Chamber of Commerce (AMCC) was recently established by a committed group of American Muslim business professionals and individuals in response to the pressing need to create an organization that would respond to the growing needs of the American Muslim business community. The AMCC will become a vehicle that serves as a voice…
The Dutch cabinet will make it more difficult for lenders to obtain influence in Dutch mosques. According to the minister of internal affairs, Guusje ter Horst, international foundations must be more transparent about their finances, and the cabinet will make a law proposal for the regulation of international funds used on mosques in the Netherlands….
