It is both strange and embarrassing that even at this late hour when enemies are about to weld into place the final iron gate of a financial Guantanamo, so many Muslims remain ignorant about the devilish nature of European created … Continue reading →

Reproduced from the preface of the third edition of The Problem With Interest (Kreatoc Ltd., 2010, ISBN: 978-0-9544974-1-5) In the seven years since the second edition of The Problem With Interest was published, the global economy has completed another boom-bust … Continue reading →

Question: Situation 1 (a) The client hands over his bank statements to the accountant. From the bank statements the accountant records any interest charged by the bank or credited by the bank to the client. (b) What is the position … Continue reading →

Question: 1. The bank would purchase the land or property from the vendor and sell it to the would be buyer on an installment basis. Each installment would act as an increasing participation by the tenant in the property until … Continue reading →

Insert from lecture’THE MUSLIM YOUTH IN A GLAMOUROUS WORLD’ held on 16 August 2011 / 16 Ramadan 1432H as part of the Malaysia Lecture Tour.

On the 31st of January of this year I attended a conference on Islamic banking and finance organised by Euromoney in London. In answer to a question from the floor, one of the scholarly panelists remarked that “we welcome constructive … Continue reading →

Dear Sir, Over the last few weeks, I have read a succession of articles in your publication that describe the current financial crisis. None properly explain its cause. We are now experiencing a predictable repetition of economic history, a crisis-in-waiting, … Continue reading →