Times are difficult; we are still mired in a financial crisis. And debt is the problem, somehow: subprime mortgages stated this whole mess, along with mortgage-backed securities (MBS), collateralised debt obligations (CDO) and other debt and derivatives instruments.

But how? Is debt itself the problem? Were Islamic banks and institutions affected in the same way as conventional institutions? If not, why not?   »»» Islamic finance was not immune to the credit crunch – The National Newspaper (Abu Dhabi)

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