Islamic Banking- A $300 Billion Deception

Re-examines the Shar'ia rationale for Islamic banking, that the Qur'an prohibits all forms of interest, and instead argues that the Qur'an prohibits only exorbitant interest. Further holds that Islamic banks are in fact charging interest but wrapping this practice in "Islamic" language. The author advocates that the Islamic finance industry should transition their practices to mirror venture capital firms if their goal is to truly practice Islamic banking.