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Fixing the Global Financial System, A Modern Islamic (RIBA-FREE) Economy | Ibrahim Khan

IslamicFinanceGuru Podcasts

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Rethinking Financial Inequality

This chapter examines the disparities in the current financial system, detailing how practices like money printing and quantitative easing primarily benefit banks and the wealthy, exacerbating societal issues such as inflation and increasing wealth inequality. It advocates for a shift towards equity-based investment methods, particularly the potential of an Islamic financial framework that could address these inequities while requiring significant cultural and systemic changes. The discussion also highlights the need for visionary leadership and community support in transforming Islamic finance and fostering a more inclusive economic environment.

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