Was the 2008 Collapse the Result of a Financial Jihad?
To many strict Muslims, Western free market capitalism is contrary to the divine plan of Allah as revealed in the Quran. The major objection is based on the concept of interest known as riba, which is considered forbidden to a Muslim. Capitalism is considered greedy, unjust, corrosive.
In response, Islamic economic principles were adopted into an approach known as Shariah Compliant Finance (SCF) in the early 20th century. One of the fastest growing forms of finance in the world today, Shariah Compliant Finance was largely….
Read the entire article here in the Nov/Dec, 2012 issue of Jewish Voice Today (page 13).