Journaltalk - Entrepreneurship and Islam: An Overview

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4 comments

1. Clearly, not being able to borrow capital has a tremendous negative direct effect on entrepreneurship, since it will severely constrain the size of new ventures, no matter how many people would like to be entrepreneurs. I wonder if indirectly it could help. Without mortgages, income that would go to payments of principle and home ownership would be saved (partly at least) and be available as capital for profit-making ventures. Has anyone studied this effect?

   posted 31 May 2014 by Eric Rasmusen

2. Say, you need 100% of underlying good for Islamic finance. What about 90%? 80%? How low do reserves go before it breaks Shari’ah law? Does the first dollar lent out of monetary deposits rather than lent on the back of real world collateral render the financial institution as counter to Shari’ah?

   posted 03 Jun 2014 by Nathan W

3. Do any central banks apply Shari’ah principles to their market operations?

   posted 03 Jun 2014 by Nathan W

4. Are you aware of English language resources which make apparent the main schools of thought and areas of unresolved discussion in current religious and/or secular debates in Islamic entrepreneurship and/or finance?

   posted 03 Jun 2014 by Nathan W