Tuesday, March 24, 2009

Here is the transcript of a lecture, "The Incoherence of Claims of Incoherence: Some Remarks on Internal Consistency and Legitimacy in Contemporary Islamic Financial Ethics" that I recently gave at Wharton (U Penn), Philadelphia, Pennsylvania on March 15, 2009.

1 comment:

rafdeen said...

Assalamu Alaikum,

Thank you for looking to this, the following may serve as a topic of discussion or a thought to ponder.

1. The present financial crisis has had global repurcussions and has severely affected the economies of the developed nations, leading to a rethinking of conventional economic theory. Many scholars have propounded the view that is an Islamic financial system has been in place, the likelihood of such a crisis taking place would have been minimal or non - existand. Do you think this view is correct and if so why?

2. Now that the damage has already taken place, is there any way the adoption of an Islamic Financial system in the immediate term could lessen the impact of the crisis?

3. Even at this late stage, do you think that the conventional banking will seriosly consider the merits of an Islamic Financial system and adopt its salient features in the absence of any other viable alternative?

Thank you again.