Social Innovations with Islamic Finance – Part III: Integrating Islamic Contracts and Crypto-currencies for an economically integrated whole of communities

This is the last part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. (For first part, click here and second part here). In the previous two articles, I briefly explained the progressiveness of Islamic finance and how Crypto-currencies sans the authority of ...

Social Innovations with Islamic Finance – Part II: Crypto-currencies for an economically integrated whole of assorted communities

This is the second part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. (For first part, click here). One of the pillars of modern economic growth in a country is the common currency that is used as a means of exchange and ...

Social Innovations with Islamic Finance – Part I: Islamic finance principles are progressive 6

This is the first part of a three part series of articles on how the principles of Islamic finance could be applied for macro economic growth. Social Innovation refers to new ideas that resolve existing social, cultural, economic and environmental challenges for the benefit of people and planet. A true social innovation is systems changing ...

Using Tawarruq, an Islamic contract, to build high-tech “local” manufacturing industries

Tawarruq is a debt instrument offered in Islamic finance in which a financial institution sells a commodity to a consumer on a deferred payment at cost plus profit, and the customer then sells the commodity on a spot basis to a third party for cash. Tawarruq was often linked to cases of individuals with dire ...

Challenges faced by first gen entrepreneurs in raising seed capital

We did In-Depth Interviews (IDIs) with select first generation entrepreneurs (in India). Some of them were successful in raising capital for their pre-revenue companies outside of FFF (Friends and Family Funds). We used an open questionnaire to help in the IDIs. Below is the summary of challenges expressed by these entrepreneurs: Investors are buying more ...