Profit Without Sin: Reconciling Islam and Modern Finance

Synopsis

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.