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Why non-Muslims are converting to sharia finance

economist.com

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Re: Why non-Muslims are converting to sharia finance

#31

Post by keiferski »

titanix2 wrote: post #28
comesee wrote: post #14

Who wrote this article?

> "Sharia forbids investments in sin stocks like arms, alcohol and tobacco." This very neutral way of writing is telling.

“Sin stock” is a commonly-used phrase in finance and does not imply an ethical opinion on the topic by the user of the term, merely that ethical opinions are often held on the topic by the public/investors at large.

https://www.investopedia.com/terms/s/sinfulstock.asp

Re: Why non-Muslims are converting to sharia finance

#32

Post by n4r9 »

I like the idea of more ethical banks, but I think the article is overselling the popularity of Islamic institutions in the UK. I live in London and whilst I'm aware that Sharia banking exists as a concept, I've never heard of BLME. Also the opening sentence comes off as slightly absurd:

>THE HALAL restaurants established by Muslim migrants in Britain quickly inspired an almost religious following among non-believers.

Re: Why non-Muslims are converting to sharia finance

#33

Post by tareqak »

homarp wrote: post #27
vmlinuz wrote: post #18

Earlier quoted context omitted.

Common question here - standard Economist policy is never to name their writers and correspondents, except very very rarely. Their content is published under the name of the newspaper, not the individual author.

https://www.economist.com/the-economist-explains/2013/09/04/... explains why

They should have a "Who is the author?" byline that points to link you posted (at least that's what I would do).

Re: Why non-Muslims are converting to sharia finance

#34

Post by Dylan16807 »

blijf wrote: post #4

How is this on Hacker News?

"anything that's interesting" was already mentioned, but even ignoring that I don't understand your question. The article is about businesses following certain rules that have to act in interesting ways, and how that plays out with financing. That's right at the core of HN!

Re: Why non-Muslims are converting to sharia finance

#35

Post by coldtea »

TomMarius wrote: post #29
raverbashing wrote: post #17

Earlier quoted context omitted.

Sounds like a PR piece

The Economist would surely mark a PR piece https://www.economist.com/the-economist-explains/2013/09/04/...

Then a real good paying PR piece -- the kind that's passed as an actual article.

Re: Why non-Muslims are converting to sharia finance

#38

Post by hjek »

n4r9 wrote: post #32

I like the idea of more ethical banks, but I think the article is overselling the popularity of Islamic institutions in the UK. I live in London and whilst I'm aware that Sharia banking exists as a concept, I've never heard of BLME. Also the opening sentence comes off as slightly absurd: >THE HALAL restaurants established by Muslim migrants in Britain quickly inspired an almost religious following among non-believers…

Here in UK, I'm a fan of halal chippies as they always use vegetable oil instead of beef dripping for their chips and patties.
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