Why Islamic banking is taking off

How do you tell if an economy is actually working? Most economics classes point to controlled inflation, steady growth, or low unemployment - but what if the level of financial fraud is the real hidden indicator?Robin Wigglesworth and Gillian Tett talk to Dan Davies, financial hi ...  Show more

Long before Silicon Valley, the grandson of a 15th Century German peasant named Jakob Fugger built a mining and banking empire that dwarfed today’s tech titans, accumulating a fortune estimated at $4 trillion in today’s terms. Richer than the Medici, Rockefeller or Elon Musk, he ...  Show more

Islamic finance has seen remarkable growth over the past couple of decades. Its principles have gained traction not only in Muslim-majority nations but also in non-Muslim countries.

However, despite its growing popularity and an industry worth an estimated $4 trillion, q ...

This year, Islamic finance has made significant strides, with sukuk issuances reaching record highs and the market expanding into green and sustainable finance. With the industry on track to hit $6 trillion by 2027, its growth is undeniable.

However, challenges persist. ...

In this episode, Saifdean talks to Safdar Alam, CEO of investment firm Maydan Capital, about Islamic finance. Safdar starts by describing the basic principles of Islamic finance and the ethical justification for Islam’s prohibition on lending with interest. He and Saifedean th ...

For a conscientious Muslim, managing ones money in the West can be a difficult prospect. Islam has a series of rules to do with money, the prohibition of riba (interest) being the key one, and rules on trade that often places it at odds with a rather laissez faire Neo liberal mod ...  Show more