In the News: The Challenge of Navigating Sharīʿa Financing for Education

Testimonies from Muslim students studying in the United Kingdom note the challenge of navigating sharīʿa financing with banks that are not sharīʿa-compliant. Metro UK reporter Faima Bakar writes, “the limitations put on borrowing can stop students from pursuing university altogether. Those who still choose to study via halal means, such as borrowing money from their … Continue reading In the News: The Challenge of Navigating Sharīʿa Financing for Education

Review :: Fadel on the Function of the “Interest Ban” in Islamic Finance

Student editor Alicia Daniel reviews Mohammad H. Fadel, Ribâ, Efficiency and Prudential Regulation: Preliminary Thoughts, 25 Wisconsin Journal of International Law 655 (2008). Islamic finance creates financial products specifically aimed at Muslims that are sharīʿa compliant. Many scholars have condemned Islamic finance for condemning ribā (interest) on the one hand, particularly where usurious, but then many others have … Continue reading Review :: Fadel on the Function of the “Interest Ban” in Islamic Finance