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Economy

Of spins and turns

Textile spinning industry calls for diplomatic pressure on India to release 1m cotton bales it ordered last year. The country’s textile industry, already reeling under pressures of all types, is now confronted with the challenge of meeting shortage of cotton required for its consumption. The deficit caused by crop destruction due to floods has worsened after India’s reluctance to release ... Read More »

The nature of interest and Riba

Can the Muslim scholars resolve the age-old controversies centred on the twin concepts of interest and Riba? Looking at the state of the current debate, the answer is in the negative. With every passing day, these controversies get deeper and more complex as new approaches are adopted by the Muslim thinkers to substantiate a given point of view on the ... Read More »