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Shariah Finance Watch (Free subscription) | 05/10/2008
By Alyssa A. Lappen FrontPageMagazine | May 12, 2008 The global sub-prime mortgage mess would have been “unthinkable in the Islamic capital markets sector,” Malaysian Islamic finance scholar Mohammed Mahmud Awan told Arab News on April 24; Islamic law, or “shari’a principles” would prohibit selling “a debt against a debt,” Awan said at a Bahrain university globalization...
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The Black Kettle (Free subscription) | 05/10/2008
By Alyssa A. Lappen, FrontPageMagazine.com: The global sub-prime mortgage mess would have been “unthinkable in the Islamic capital markets sector,” Malaysian Islamic finance scholar Mohammed Mahmud Awan told Arab News on April 24; Islamic law, or “shari'a principles” would prohibit selling “a debt against a debt,” Awan said at a Bahrain university globalization conference....
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Middle East Notebook (Free subscription) | 05/09/2008
... have been “unthinkable in the Islamic capital markets sector,” Malaysian Islamic finance scholar Mohammed Mahmud Awan told Arab News on April 24; Islamic law, or “ shari'a principles” would prohibit selling “a debt against a debt,” Awan said at a Bahrain university globalization conference. Trading trillions of dollars in debt without assets backing them caused the crisis,...
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Doc's Talk (Free subscription) | 05/09/2008
Alyssa A. Lappen FrontPageMagazine.com 5/9/2008 The global sub-prime mortgage mess would have been “unthinkable in the Islamic capital markets sector,” Malaysian Islamic finance scholar Mohammed Mahmud Awan told Arab News on April 24; Islamic law, or “shari'a principles” would prohibit selling “a debt against a debt,” Awan said at a Bahrain university globalization conference....
