Currently, many Muslims are unable to go to university because their faith prohibits them from taking interest based finance to fund university tuition fees. Given Islam strictly prohibits both the paying and receiving of interest, many Muslim students face ...
Read More »Moneywise Kids
As consumers we are surrounded, practically all the time, by adverts and consumerism. The internet, TV screen, mobile phone and bill board are all constantly telling us materialism is a core part of being happy and successful. Maintaining a healthy ...
Read More »The Injustice of Usury
Since the union between David Cameron and Nick Clegg was formed last year, we have had a series of austerity measures forced upon us, including reforms to the funding of Higher Education in the UK in an attempt to tackle ...
Read More »Where does Debt come From?
As the Government looks to cut funding to Higher Education Institutions, graduates are instead being asked to pay for the void Messieurs Cameron and Clegg have left them with. With the possibility of student debt rising to £40,000, students have ...
Read More »Tutition Fees and Student Debt. Are Students Asking the Right Questions?
Current protests by students have managed to revive student activism reminiscent of the 1960s when ‘student power’ was at its peak. This is of course all thanks to the recent proposals to increase university tuition fees which has ignited the ...
Read More »Supporting the Campaign Against Tuition Fees Rises
I have recently been approached concerning supporting the campaign against the increase in tuition fees that was approved by Parliament a few days ago (although it may be repealed if a repeal receives enough backing from the House of Lords). ...
Read More »Islamic mortgages: Shari’ah-based or Shari’ah-compliant?
Sheikh Haitham Al Haddad is a director of the Muslim Research and Development Foundation (MRDF). The MRDF, which was awarded charity status in 2007, and is a co-operative research based venture, run by scholars, imams and other professionals, with the ...
Read More »The Credit Crunch: An Islamic Perspective
Over the last few months, it has been widely accepted that the “credit crunch” is the biggest financial and economic crisis to hit the Western world since the Great Depression of the 1930s. Virtually every individual has been affected directly ...
Read More »Usury: The Forgotten Terrorism
Taken from a forthcoming magazine ‘If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from ...
Read More »The Islamic Mortgage: Paradigm Shift or Trojan Horse?
All praise is due to Allah and may His peace and blessings be upon our Prophet Muhammad, his family and all his Companions. During recent years there has been an unprecedented expansion in the range of commercial banking products labelled ...
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