Sheikh Abdal-Hakim Murad on Islamic Finance

Sheikh Abdal-Hakim Murad (T.J. Winter), Lecturer at Cambridge University, speaking on Islamic Finance at the Cambridge Inter-Faith Programme, Univeristy of Cambridge, 4th of July 2007.

5 responses to “Sheikh Abdal-Hakim Murad on Islamic Finance

  1. Asalam Alaykum,

    The Shaykh only commented on the ethical side of Islamic Finance (no funding of Alcohol related products, pornography, etc…) and detailed some hadith on the importance of Trade in Islam and being honest in measurements and haggling etc…

    He didnt elaborate on the Fraud of Islamic Banking unfortunately, Islamic Banking is worse than Islamic Prostitution and Islamic Whisky. 27times worse if we take the advice of the Prophet Mohammad peace be upon him.

    However it is difficult to make judgement on just one lecture by the Shaykh so i would be interested in more links on his views of Islamic Banks (carbon copy models of the Usurious Western banks, with Riba re-worded as rent/murahaba etc…).

    Asalam Alaykum.

  2. Sorry, that smiley was meant to be the end of a bracket like ” ) ” and NOT a smiley (though it turned out to be).

  3. Walaikum assalam wa rahmatullah,

    I pray this finds you in excellent health and afiya.

    He did not elaborate on the “fraud” of Islamic banking because he does not believe there is any! Please do not spread misinformation. If you have something to say, please support it with evidence. Jazakum Allah khayr.

    As for your comments on Islamic banking, I have one request: please read the books of fiqh where the permissible modes of financing in Islam have been detailed, then compare these with those being offered by Islamic banks today. If you find differences, then we’ll talk.

    Wassalam alaikum,

  4. Abdul Rahiim Halim

    Assalamu alaykum WR WB,

    Consider the venue and the context. Was it staying on Haq without airing the dirty laundry of our own family (our umma)? If so, then beautiful delivery and hikmah in gauging an audience and engaging in the practicality of Islam in all aspects!


  5. Walaikum assalam wa rahmatullahi wa barakatuh,

    Please explain how you came to the conclusion that Sheikh Abdal-Hakim was “staying on Haq without airing the dirty laundry of our own family”. To repeat what I said in the previous comment, if you have something to say, please support it with evidence.

    Wassalam alaikum,

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