Causes and Remedies of the Recent Financial Crisis from an Islamic Perspective

Causes and Remedies of the Recent Financial Crisis from an Islamic Perspective

As the leading authority on modern Islamic finance in the world today, no one was better qualified to speak for Islam at the annual World Economic Forum following the global financial crisis in 2010. In his address, Mufti Taqi Usmani pointed out that the so-called crisis only came about when it knocked at the doors of the wealthy.’ 

Otherwise, as Mufti Usmani astutely points out, the true crisis is ongoing and unless fundamental changes are made to the worlds economic system, that crisis will continue. In the pages of this slim volume, the reader will find a concise study of the fundamental flaws in the global economic system, and the eternal principles articulated by the Shariah of Islam that point to a solution.

About the Author

Mufti Taqi Usmani is one of the few leading contemporary scholars of today. He studied at Darul Uloom Karachi, Pakistan, the renowned institute established by his late father, Mufti Shafi Usmani. He also holds a degree in law and as a result was a Judge at the Sharia Appellate Bench of the Supreme Court of Pakistan till recently. He has held the post of deputy chairman of the Jeddah based Islamic Fiqh (Law) Council of the Organization of Islamic Conference (OIC) and is now a permanent member.

Mufti Taqi Usmani has been teaching at the same institute over the last four decades and currently teaches Sahih al-Bukhari. Alongside his expertise in Islamic Law, Economics and Hadith, he has authored over forty books in Arabic, Urdu and English on various topics.