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The Paradox of Islamic Finance
How the booming Islamic finance industry became an ultramodern hybrid of religion and markets In just fifty years, Islamic finance has grown from a tiny experiment operated from a Volkswagen van to a thriving global industry worth more than the entire financial sector of India, South America, or Eastern Europe. You can now shop with an Islamic credit card, invest in Islamic bonds, and buy Islamic derivatives. But how has this spectacular growth been possible, given Islam’s strictures against interest? In The Paradox of Islamic Finance, Ryan Calder examines the Islamic finance boom, arguing that shariah scholars—experts in Islamic law who certify financial products as truly Islamic—have...
In the Land of the Pharaohs
Excerpt from In the Land of the Pharaohs: A Short History of Egypt From the Fall of Ismail to the Assassination of Boutros Pasha Abdul-Halim (Prince Halim Pasha), 1831-1894. Mehemet Ali the younger, 1836. Abbas I (1813-1854) commanded a division in Syria, 1831-32. On death of Ibrahim, became regent, succeeding to the Pashalik on the death of Mehemet Ali, 2 August, 1849. Being the eldest male of the family, he took precedence of his uncle Said. Ismail (1830-1895), son of Ibrahim. Became Pasha of Egypt 1863. Named Khedive 1867. Deposed by the Sultan 1879, and banished from Egypt. Died at Constantinople, 1895. Mehemet Tewfik (1853-1892), succeeded his father, Ismail, 1879. Married his cousin, P...
