Islamic finance & banking: A solution to Irelands financial fiasco!

dublin | anti-capitalism | event notice Sunday November 21, 2010 21:26 by FOSIS Ireland - FOSIS Ireland

Islamic finance & banking: A solution to Irelands financial fiasco!

In light of the major decisions taken by the Irish government which has largely divided our nation over with many critics have come out including former Irish Taoiseach John Bruton et al (some of those articles are included below) and even in other countries like France where Eric Cantona has set up an international bank protest which is to take place on the 7th December 2010 and has attracted a lot of attention

Islamic finance & banking: A solution to Irelands financial fiasco!

The cost to the Irish government of the bank rescues, NAMA and a large public sector borrowing requirement to fund current and capital spending has led by late 2010 to a per capita external debt of over $535,000. This represents some 1,305% of Ireland's annual GDP, making it the most indebted country in the world! The next most indebted country was the United Kingdom which owed 428.8% of its GDP.

There is an interesting event on next week on friday at 6pm in Trinity College Dublin which the MSA (Muslim Student Association), the Department of theology & religions & one of its lecturer [Alongside FOSIS Ireland] is hosting about Islamic finance & banking with an academic speaker who studied at the world renowned university SOAS.

It is hoped that this event will add to the academic debate on the current economic and financial crisis that is haunting the world and hopefully share some food for thought on the options of Islamic banking & finance which has been argued by academics and intellectuals alike to be historically more long term stable and just then the current status quo of banking.

Islamic finance & banking: A solution to Irelands financial fiasco!

Time & Date: 6pm, Friday 26th November 2010

Venue: Robert Emmett Theatre, Arts Block, Trinity College Dublin

Speaker: Dr./Shaykh Haitham al-Haddad
(UK & Saudia Arabia)
Contributor to the outstanding book ''Islamic Banking and Finance: What It Is and What It Could Be''
(Availiable on Amazon)

Shaykh/Dr. Haitham al-Haddad is one of the mainstream UK based scholars, a senior advisor on the Islamic Sharia Council, UK and currently holds the position of chair and operations advisor for the Muslim Research and Development Foundation (MRDF). He has studied under the tutelage of world-renown scholars such as Shaikh Ibn Baz, Shaikh Ibn Jibreen and Shaikh Ibn Aqeel. Shaykh Haitham holds a BSc Honours in Law and Sharia from Omdurman University in Khartoum, Sudan. He also holds a Bsc in Computer Science from King Fahd University of Petroleum and Minerals (Saudi Arabia) and a PhD in Islamic Law at SOAS, London. Shaykh Haitham is qualified to deliver religious verdicts with specialisation in Islamic Jurisprudence (Fiqh), Islamic law and Islamic finance.

For further information please contact ireland.communications@fosis.org.uk or call 0851637474 & media queries on ireland.media@fosis.org.uk
[Note: media interviews with speaker availiable]