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Tag Archives: Islamic finance
In economic flux, Islamic banking and finance are gaining ground
The economic stagnation of the past year and a half has taken a toll on many businesses, but a fleet of Islamic investment banks in Egypt sees opportunity in the new emerging order. Ridge Islamic Capital, one such investment bank, … Continue reading
Egypt Salafis Lured as IMF Aid Beats AA Debt: Islamic Finance
Hossam Aql, an Egyptian professor of Islamic studies, encountered an unusual question on a religious radio talk show last month: is it acceptable for the government to borrow from the International Monetary Fund? His answer was yes. In times of … Continue reading