AMSA: Islamic Banking - the World Economic Crisis and its Islamic Solutions, UCL

28/10/2013 University College London, Ahmadiyya Muslim Students Association (AMSA) The recent economic crisis to grip the world in the past few years has been reacted to by calls for a tighter regulation of the banking system. Few consider that it may not be a question so much of regulation, but rather of a fundamental flaw in the current economic system. Islamic teachings propose an entirely different system of economics, one that seeks both to promote private enterprise and innovation, while simultaneously seeking to ensure a basic level of wealth circulation so that all sections of humanity have relatively equal access to the pot of gold. This event will analyse the salient features of the Islamic Economics system on three specific areas: -The Basic Principles of Islamic Economics -Is Islamic Finance practised today, truly? -Why is interest (aka usury) prohibited in Islam and what mechanism of wealth circulation do Islamic teachings replace it with? The format of the event will be as follows: -18:00-18:20: guests arrive + drinks/snacks provided -18:30: The Principles of Islamic Finance, by Mr Mansur Mannan, Director "Dar Capital" Islamic Bank -18:50: Is Islamic Finance today, Islamic? by Mr. Rahan Shaheen, EME Capital Partner -19:10: Causes of the World Economic Crisis, by Mr. Syed Nasser, ret. Finance Lawyer in Islamic Banking, Citibank -19:30-20:30: Q&A UCL AMSA Facebook page: https://www.facebook.com/UCLU.AMSA AMSA UK Twitter: @amsa_uk