Qazeem Adebumiti

Rethinking The Islamic Finance Philosophy – Wealth Circulation

Getting back to basics, one of the many things which the Qur’an lays emphasis on regarding the concept of wealth is to avoid its concentration amongst a particular stratum of the society, the rich categorically. In other words, everyone must be included in the benefits associated with the wealth of the society. To that effect, …

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Rethinking The Islamic Finance Philosophy – An Introduction

By Qazeem Adebumiti

The advent of Islamic finance in its modern form, which began in the early 1960s, aroused euphoria in the Muslim world and brought high hopes of seeing a “Madinahesque” system. Muslims envisaged that the new system would guarantee seamlessness of their financial dealings whilst having no sense of guilt emanating because of riba consumption or …

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