Islamic Finance Quotes

Allah curses who requests usury and who gives him usury, the one who writes down the usury transaction and its two witnesses

The Islam that we know is a faith devoted to the worship of one God, as revealed through The Holy Qu'ran. It teaches the value and importance of charity, mercy, and peace.

Without doubt, Malaysia is the great economic star of the Muslim world.

Under Sharia law, If a woman has money, she can invest her money. The thing is, what we are concerned about is, in the public arena, there's a difference between a man and a woman. We would have complete segregation in the public arena, but other than that, if she wants to go to the market, if she wants to go to visit her relatives or for medicine or for education. There's a whole host of reasons why she would be out and about but, what we are saying is she not obliged to work. That is the job of the man.

The doctrine of Islamic economics is simplistic, incoherent and largely irrelevant to present economic challenges…. The real purpose of Islamic economics has not been economic improvement but cultivation of a distinct Islamic identity to resist cultural globalization.

Do not sell that which you do not have.

Sharia has become an increasingly significant force in American capitalism, thanks to the embrace by Wall Street and the U.S. government of so-called Sharia-Compliant Finance. Indeed, this country's taxpayers now own the largest purveyor of sharia-compliant insurance products in the world: AIG.

My experiment in money exchange was the temptation to set up a bank. The absence of any Islamic banking was also another factor in establishing Al-Rajhi Bank, which is now the world's biggest Islamic lender by market value.

If we can increase the share of Islamic finance for the world, countries can benefit - and certainly, Malaysia can benefit from that.

Our strength in finance has led us to set up an international financial centre with medium and long-term objectives, especially to develop Islamic financial and insurance services.

We have a no taxes. We have a religious tax that is non-enforceable.

In Sharia, nobody will be able to sell pork publicly. Nobody will be drinking alcohol. Pornography will be banned. Gambling will be banned. In terms of the economy, the wealth which is not tangible, either good or deficit, things like insurance, pension, stocks, shares, etc., they will be prohibited because you're supposed to deal with things, which are goods, which you can see, which you can trade with.

An 'Islamic economy' or 'Islamic finance' doesn't mean anything to me. But I do think that in the multi-polar world, it is time to find new partners, to find a new balance in the economic order. And this could help you to find an alternative way forward.

I believe Sharia law, however it comes, is the future for America. I believe, one day, that the people will adopt it anyway. A lot of issues we're looking at now are already enshrined within the Sharia. For instance, the gold standard for when dealing with inflation and a lack of confidence with the stocks and shares, which has been prevalent for the last many decades. All of that is prohibited in Islam.