My takeaway was that Muslims truly practice and apply their religious beliefs in how they lead their life - Finance in this case. As per the professor, the global financial crisis could have been prevented if Islamic finance principles were followed. How could a man in a desert 1400 years ago come up with such laws that apply to finance which are still relevant to date and far superior to the (scholarly and recently developed) conventional banks?
All dislikes are from IMF and conventional bankers ...
WOW, I hear these rules and I have to say, I agree 1000%. I am doing my best for The Truth Movement to see and Understand all of this and be enlightened to the fact that this system helps to UNENSLAVE HUMANITY!
Fact. He’s the only intellectual/well-spoken individual who could be found to explain Islamic banking comprehensively.
Professor Lewis thank you very much for your conference and your analyse for ISLAMIC BANKING.
By far, the easiest-to-understand, well structured lecture on Islamic Finance I've found so far. Not to mention, a well-done explanation on the theoretical and practical issues. There's definitely more to Islamic Finance, but dear Sir, you hit the mark in compressing it all into 40 minutes. Many thanks for producing this video lecture!!
Mash'Allah - Professor Lewis has explained the Islamic Finance better than even many Islamic Scholars.
Very authentic and it is 100% true that Islamic trade system is beneficial for mankind if we apply this in our society.
Allah knows What is Best
Islam is a Holistic religion, human needs, both spiritual and physical should be dealt as one unit. Islamic Banking, involves free trading and not monopolistic policies which combine with tech and machines creating unemployment. With free trade and easy small businesses opportunities, will make people independent and less dependent on financial institutions.
Its better to cite the Qur'an/Sahih Hadith as the basis for every crucial points. Anyway thanks for the video!
This is a good information as I misunderstood it before. It really seems just and non greedy!
Every banker in America ought to watch this video and learn.
In the byzantine Empire prohibited usury or charging interest , Their economy was growing in a steady way without any surprises .
THERE IS LOT OF MISUNDERSTANDING ABOUT THIS SYSTEM IN MANY COUNTRIES INCLUDING INDIA THIS PHOBIA AND MISCONCEPTION OF ISLAMIC FINANCE AND BANKING MAY BE REMOVED BY CONDUCTING SEMINARS, SYMPOSIA AND CONFERENCES TO MAKE CLEAR TO THE NATIONS WHICH ARE IN DEBT TRAPS
Thanks professor Lewis for this full content information of islamic finance principles.I am Somali.
Such a " long ago " knowledge only now taken into consideration after global conventional banking system failure.
I see the difference ein comments. From media channels and educational. Educational comment section actually have people who want to learn. And I praise u all. However media well u know.
Thank you very much for this lecture and for sharing it freely online!
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