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This blog, first launched in 2009, is being relaunched to explore the practical realities of Islamic banking. As a former Islamic banker, I'm sharing my direct knowledge to create a global awareness of how these systems operate, often within the conventional banking framework. However, I'm now exploring whether we can truly move away from disguised Riba (in some products) and find better alternatives.
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The most distinguishing feature of the Islamic economic system is the prohibition of interest. Islamic economic principles have prominently been applied in financial industry especially in banking. Islamic Finance is growing in multiple dimensions and is now spreading in other financial sectors like insurance, structured finance, project finance, mutual funds, syndicated finance, investment banking etc. islamic banking masters
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