Islamic Finance 
Current Financial Crisis And Islamic Economics(Comments Off)
“Believers! Have fear of Allah and give up all outstanding interest if you do truly believe. But if you fail to do so, then be warned of war from Allah and His Messenger. If you repent even now, you have the right of return of your capital; neither will you do wrong nor will you be wronged. But if the debtor is in straitened circumstances, let him have respite until the time of ease; and whatever you remit by way of charity is better for you, if only you know.[2:278-81]”
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Islamic Finance to Reduce Fiscal Deficit in India
Islamic financial products has a great role to play in reducing the fiscal deficit in emerging economies by replacing the debt based investments for infrastructure with funds mobilized through equity based Government Securities for infrastructure projects. Let’s see how Islamic finance may help us reduce our present fiscal deficit.
Risk Management in an Islamic Framework
This Note tries to look at risk man faces in economic activity in general and in finance in particular. Economic prosperity and the efficiency and stability of our financial system depend on proper handling of risks. This is also true of justice and equity; they too require that risks be handled in ways favorable to building a just society.
Dealing with the Financial Crisis: An Islamic Approach
Once the menace of interest is banished from the economy keeping speculation within reasonable limits would become easier. Society should insist on transparency wherever other people’s money is involved. It should also arrange for dissemination of information that would help minimize uncertainty. It will be easier to eliminate gambling on the stock market and/or betting on un-measurable risks in such an environment…[...]