slideshow

Divine Rules

Posted on 13th July 2012 by Camille Paldi,

Lebanon is Holy Land

Excerpt from Iraj Toutounchian’s Islamic Money & Banking: Integrating Money in Capital Theory 

“The only reliable and absolute sources on all matters – past, present and future – are Allah’s (SWT) sayings in the Qu’ran, which stands first, and then the Sunnah, as a natural complement.  History has taught us that no matter how well-designed and sophisticated man-made experiments are, they have defects.  The more man searches, the more he is faced with unknowns and reminders of the depth of his ignorance.  It is the absolute knowledge and the power of Allah (SWT) over all His creatures that governs the Universe.  Man’s limited knowledge and mental abilities make it absolutely impossible for him to discover all the secrets of the universe, no matter how great his endeavors.  Allah (SWT), the Eternal, the Absolute (Quran 112:2) has graciously provided through the Qu’ran vivid guidelines (Mobeen) and principles which are faultless and valid forever and in all circumstances.

His knowledge and power encompass past, present, and future.  This is the natural outcome of His being ‘the’ creator of the universe and thus ‘the’ reason for His guidelines and instructions having ‘the’ veto power over all man-made systems and institutions.

Allah (SWT) has made it possible for human beings to explore why such rules, guidelines and instructions have been given.  In the realm of economics, this can only be done in the light of justice, the ultimate goal of the Islamic state. Far from being an impediment to exploration, the Divine Rules set out in the Qu’ran provide a strong incentive to discover the reason for their existence.”   – Iraj Toutounchian


Posted on 13th July 2012 by Camille Paldi


Comment on this post







Twitter

    • 2nd August @camille paldi
    • SUKUK PIPELINE - Issue plans around the world - http://t.co/UGdG7JTPzx #GoogleAlerts
    • 2nd August @camille paldi
    • Government Islamic Sukuk Ijara trading commences - http://t.co/U3dUUj0dkR #GoogleAlerts
    • 2nd August @camille paldi
    • Republic of Zambia $1.25 billion Eurobond assigned 'B' rating by Standard & Poor's - http://t.co/8PTRcY4MVx #GoogleAlerts
    • 1st August @camille paldi
    • FAAIF Presents Islamic Finance Events Across Europe in August 2015 http://t.co/IllCsPL7kr via @ein_news
    • 1st August @camille paldi
    • Tatarstan & Sberbank partner in Islamic financial development - http://t.co/Q8d8KUD3iX #GoogleAlerts
    • 1st August @camille paldi
    • Islamic Finance banks finding support in Turkey - http://t.co/k6lYX8rCFg #GoogleAlerts
    • 1st August @camille paldi
    • http://t.co/edrNl73ece ranks Al Rajhi as world's largest Islamic Bank - http://t.co/SpK3zNEG3B #GoogleAlerts
    • 31st July @camille paldi
    • Kuveyt Turk issues TRY 160 million Sukuk - http://t.co/2ruDNdwvPQ #GoogleAlerts
    • 31st July @camille paldi
    • Islamic Finance banks finding support in Turkey - http://t.co/k6lYX8rCFg #GoogleAlerts
    • 31st July @camille paldi
    • What Dodd-Frank Can Learn From Islamic Finance - http://t.co/mhfODqiS9j #GoogleAlerts
    • 30th July @camille paldi
    • Register today! camille@faaif.com. Get ready Forest Gate! https://t.co/0XYY78wOIn
    • 30th July @camille paldi
    • Bank Muscat participates in financial services roundtable in London - http://t.co/UzliYnyq9S #GoogleAlerts
    • 30th July @camille paldi
    • Adel S Al-Ghamdi: Saudi Stock Exchange Opts for Quality - http://t.co/BrEm5ju6mQ #GoogleAlerts
    • 30th July @camille paldi
    • Renaissance Group prices $125 million 7.9 per cent dual-currency perpetual bond - http://t.co/yb6lJ7FSK4 #GoogleAlerts
    • 30th July @camille paldi
    • Moody's assigns first time ratings to Nigeria's Access Bank - http://t.co/JMO3JEn2Os #GoogleAlerts
    • 30th July @camille paldi
    • KFH-Turkey issues sukuk worth USD 58 mln - http://t.co/AkkBmCsmRz #GoogleAlerts
    • 30th July @camille paldi
    • MBSB-Muamalat merger, full-fledged Islamic bank on the cards? - http://t.co/a5OsuzlFbz #GoogleAlerts
    • 30th July @camille paldi
    • Bangladesh http://t.co/uc0LiGpj5p to keep conventional, Islamic banks separate - http://t.co/zLWfoZoDaQ #GoogleAlerts
    • 30th July @camille paldi
    • LCI closes innovative Islamic finance facility - http://t.co/hvT14T8BUU #GoogleAlerts
    • 29th July @camille paldi
    • Junk-rated sukuk top market on Saudi housing shortage - http://t.co/zIVrU5c1Kk #GoogleAlerts

Articles

Reforming Economics and Finance in the Light of Abrahamic Principles

Reforming Economics and Finance in the Light of Abrahamic Principles

Introduction

The modern day economic system is built upon and around interest-based lending, which allows one class of people to grow rich at the expense of the majority of the population. Interest has been prohibited in all Abrahamic religions for essentially the same reaso...

Posted on 1st July 2015 by Camille Silla Paldi

China's Entry to the Islamic Finance Market

China's Entry to the Islamic Finance Market

 

By Matthew Pendrey

Assistant Director at The Royal Bank of Scotland

 

 

In April 2015, Qatar International Islamic Bank signed an historical agreement with Southwest Securities, based in Chongqing, to develop Shari'ah-compliant finance across ...

Posted on 1st July 2015 by Matthew Pendrey

Islam Explains Why Interest is Prohibited in the Bible and Torah

Islam Explains Why Interest is Prohibited in the Bible and Torah

 

By Camille Paldi, CEO of FAAIF, camille@faaif.com

 

 

Lending money is not prohibited in the Bible. What is prohibited is charging abusively high interest. This is because high-interest loans...

Posted on 6th June 2015 by Camille Silla Paldi

The Changing Face of Banking in Dubai

The Changing Face of Banking in Dubai

The Changing Face of Banking in Dubai

Posted on 30th May 2015 by Matthew Pendrey

Video

Find all our videos here, and also a link to our YouTube video channel so you can view our 'video of the week'

Submit

We would like you to get involved with our site. So if you want to submit Articles, Videos, Events and Call for Papers, please click the button below:

Submit

Valid XHTML 1.1 |  Valid CSS |  Web Design in Durham and Newcastle |  Copyright © 2015

* Prices are converted at USD$0.2723 per AED 1