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Islamic finance may be right in time of recession

Abstract:
As the leaders of the world's 20 most prominent capitalist countries prepare to meet for the 2009 G-20 Leader's on Financial Markets and the World Economy this very day, now is the perfect time to reappraise the purported value of the world's ailing economic system through the lens provided us by the ideals of the Prophet Mohammed....

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Doug

posted 4/02/09 @ 5:12 PM EST

First, muhammed was a gifted psychopath--not a prophet. Thanks to the 1st Amednment I'm allowed to make that assertion.

Next, according to the dictates of islam, there can be no cafeteria-style implemntation of the barbarity known as sharia; it's all or nothing.

That segues into this: The only reason one would push islamic-financial rules is to place the camel's nose firmly under the tent. There would be no rolling back of these laws, just the steady push forward to full implementation of sharia in place of the US Constitution.

larry barr

posted 4/03/09 @ 1:48 PM EST

I love the sound of a hammer hitting the nail squarely on its head.

johniee rockets

posted 4/03/09 @ 2:11 PM EST

Interesting article and perspective. Three years ago, if you started talking about Iqtisad ('equilibrium' or 'economics' in Arabic, sometimes loosely translated in economics parlance as 'socialism') and Sharia law interpretations in economics, you would have been called an Islamic fundamentalist. Now, perhaps this interpretation of economics will be given more serious consideration in the West.

Ben

posted 6/07/09 @ 4:31 AM EST

YEs we could have avoided the current economic contraction. But we would have also avoided all of the economic progress since the BC's. Then we would all be living like the [expletive removed by administrator] that is the Taliban run mid east.
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