Profit Without Sin: Reconciling Islam and Modern Finance
Swalo Alieu Sheriff
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Chapters
6
Language
English
Genre
Published
October 9, 2024
In "Profit Without Sin: Reconciling Islam and Modern Finance," Swalo Alieu Sheriff tackles the contentious issue of interest rates in the Islamic world. This groundbreaking book explores the apparent conflict between traditional Islamic prohibitions on usury and the realities of modern global finance. Sheriff presents a nuanced analysis of Islamic economic principles and their application in today's capitalist society, offering insights that will challenge and enlighten readers from both religious and financial backgrounds. The book delves into the historical context of Islamic finance, examines various interpretations of religious texts, and proposes innovative solutions for Muslims navigating the modern financial landscape. Sheriff addresses key questions: Can interest-based transactions be reconciled with Islamic principles? How can Muslims participate in global markets while adhering to their faith? Through careful research and thoughtful argumentation, the author provides a roadmap for ethical financial practices that respect both religious values and economic necessities. This essential read offers valuable perspectives for financial professionals, policymakers, and anyone interested in the intersection of faith and finance in the modern world.
Swalo Alieu Sheriff is a distinguished scholar and expert in Islamic finance and economics. With years of experience in both the religious and financial sectors, Sheriff brings a unique perspective to the complex intersection of Islamic principles and modern capitalist systems. His work has been pivotal in bridging the gap between traditional Islamic teachings and contemporary economic practices, making him a respected voice in both Muslim and financial communities.
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