Understanding Shari'a Finance: The Muslim Challenge to Western Economics
Recorded on March 24, 2009
Location: The Heritage Foundation's Allison Auditorium
The last twenty years have seen a distinctively Islamic
financial system become a major player on the world economic stage.
The Islamic view that Islam must control all areas of life
has led many Muslims to reject Western financial products and
institutions, which they believe to be incompatible with shari`a
law. They have also generated a wide range of alternative
economic tools, initially in the Muslim world but more recently in
the West, and have developed an increasingly lucrative
international market. Join us as we examine the possible
implications this alternative economic system could have for global
finance and politics.
Patrick Sookhdeo earned a Ph.D. on the impact of Islam on
the Christian minority in Pakistan from London University's School
of Oriental and African Studies. He has been awarded a D.D.
from both the Western Seminary, Oregon, and from Nashtoah House,
Wisconsin. He is currently an Adjunct Professor at the George
C. Marshall European Centre for Security Studies; Senior Visiting
Fellow at the Defence Academy of the United Kingdom; Visiting
Fellow at Cranfield University, Royal Military College of Science;
and a Fellow of the Security Institute of the United Kingdom.
He is also International Director of The Barnabas Fund as well as a
cultural adviser for Iraq and Afghanistan.