Ismail Barreh | Muslim Link

Articles by Ismail Barreh

Islamic FinanceJan 22, 2013
Scholar shortage threatens Islamic financing industry
Malaysia's International Shariah Research Academy for Islamic Finance is working with its Middle Eastern counterpart on guidelines to address the number of boards on which scholars can sit to reduce conflicts of interest.
Islamic FinanceNov 3, 2012
The outlook for Islamic finance in Africa
From Ghana in the west, to Ethiopia in the east, to Mozambique in the south, Africa's economies are growing, and even faster than those in almost any other region of the world. Although severe income disparities persist on the continent, a middle class is emerging. According to Standard Bank, which…
Islamic FinanceAug 18, 2012
Behind the Goldman Sachs sukuk debate
When Goldman Sachs announced last October that it planned to issue an Islamic bond, debate ignited over whether conventional banks in the West should be allowed to engage in Islamic finance. The investment bank said it planned to issue a sukuk worth as much as $2 billion based on murabaha, a…
Islamic FinanceJun 8, 2012
Islamic finance a progenitor of venture capital
When Facebook went public on May 18, for the handful of venture capitalists, Accel Partners, Greylock Partners and Meritech Capital, who have been with the company since its early days, it was a massive financial payoff. With the IPO also came fame and reputation. At a closing price of $38.23,…
Islamic FinanceMay 8, 2012
Economic insights from Islam's Golden Age
The Muslim world is in a difficult phase. Even though its people comprise more than a fifth of the world's population, and its regions are resource-rich, it produces only around eight per cent of the purchasing power adjusted gross national product of the world. It is plagued by illiteracy,…
Islamic FinanceMar 10, 2012
Understanding shariah-based home financing options
Islamic banking and financial services have been enjoying a major resurgence in recent years. A survey released in 2009 by The Banker magazine found that assets held by Sharia-compliant banks rose 28.6 per cent in 2009 to $822 billion, while assets held by conventional banks grew only 6.8 per cent.…
Islamic FinanceDec 1, 2011
Islamic finance could help stabilize global financial system
The financial system has played an active role in the accelerated development of the world economy, particularly since the Second World War. However in recent years the system has become plagued by persistent crises, one after the other, making it clear for all that a financial system based on…
Islamic FinanceAug 25, 2011
Waqf: the lost rich Islamic heritage
As a wave of change sweeps the Islamic world and Muslim countries are opening up to plurality and democracy, citizens of these countries now have the opportunity to play their role of a strong civil society. But for civil society to become sustainable, development in indigenous philanthropy is…
Islamic FinanceMay 13, 2011
Corporate tax cuts: Ibn Khaldun's theory says Tories have it right
In the 2011 federal election, the Conservative Party ran with the promise to drastically lower corporate tax to 14 per cent by 2013. Since coming to power in 2006, the Harper government has already brought the corporate rate from 22.5 per cent to 16.5 per cent, with a further reduction to 15 per…
Islamic FinanceMar 24, 2011
Grameen Bank caught in “micro-debt”
Recently the Ottawa Citizen reprinted published an article titled “Nobel winner Professor Yunus defies ouster call”. The article mentioned that supporters of Prof. Muhammad Yunus in the West were deeply concerned by what they saw as politicized attempt by the government of Bangladesh to remove him…
Islamic FinanceAug 1, 2010
Why Grameen Bank, Dubai are poor role-models
The global financial crisis has exposed the failure of the laissez-faire, unregulated free market capitalism. Governments of a number of industrialised countries allocated an excess of $7 trillion in bailout and liquidity injections to revive their economies. Despite this “helicopter money”,…
Islamic FinanceMay 20, 2010
The Islamic roots of the common law
Islamic finance and banking have enjoyed success in common law jurisdictions such as England, New Zealand, Australia and India. In fact, Islamic banks willingly submit themselves to common law courts to enforce shariah-compliant commercial contracts. Islamic banks in the UK have in their murabahah…

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