“In Meltdown, Islamic Banks Are Doing O.K.,” a NYTimes.com Ideas Blog post, 31 October, 2008
Finance | Too bad nobody in the West thought of it: Islamic banking is better weathering the meltdown because sharia law curbs excessive risk-taking, with bans on interest and trading in debt. The strictures on usury mean investments only in “productive enterprises.” [Washington Post]
Nov 5, 2008, updated Mar 31, 2025