The Islamic Case for Bitcoin with Harris Irfan (WiM482)
The "What is Money?" Show
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Evolution of Islamic Banking and the Importance of Ethical Finance
The chapter explores the origins and evolution of Islamic banking, from its experimental roots in Egypt to the establishment of larger Islamic banks in Dubai and Saudi Arabia. It delves into the development of sophisticated Islamic financial products by major banks and the challenges faced post the 2007-2008 financial crisis. The conversation emphasizes the importance of ethical finance, showcasing the shift towards smaller Islamic fintech communities and the integration of faith into economic systems.
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