Islamic Finance in the United States: Successful Model?
The crushing international financial crisis deals a severe blow to the capitalist economic systems, with just bail-outs seems to only palliate the short-run effects of Wall Street meltdown. Among many options seeking a way out, Islamic finance has increasingly gained momentum in Muslim and non-Muslim countries.
In the United States, Islamic financial and economic system stands to prove itself in the competitive US economy.
Dr. Yahiya Abdul Rahman, the founder of the LARIBA house of financing in California, the United States would like to answer readers' questions about Islamic finance in the United States and its foreseen role in the future.
What are successful models of Islamic finance and economy in the United States?
How Islamic financial institutions deal with interest-based banking?
In the light of the current crisis, what is expected from Islamic finance and economy?
Muslim Affairs hosted Dr. Abdul-Rahman on October 22, 2008 at 18:00 Mecca time, 15:00 GMT
Dr. Yahiya Abdul Rahman is the founder of LARIBA financial house in California, the United States of America. LARIBA is the Oldest Community-Owned, Riba-Free and Shari'ah Compliant Finance Company Serving the Community in the US since 1987.
Dr. Yahya is the former Chairperson of the Islamic Shura Council of Southern California, which is the umbrella organization of 57 Islamic Centers and 500,000 Muslims in Southern California. He is the author of LARIBA Bank Book.
LARIBA is the acronym for “Los Angeles Reliable Investment Bankers Associates." American Finance House is licensed in the state of California as a finance lender
Islamic Finance in the United States: Successful Model?
