Understanding Shari'a Finance: The Muslim Challenge to Western Economics March 24, 2009

The Heritage Foundation

The last twenty years have seen a distinctively Islamic financial system become a major player on the world economic stage. The Islamic view that Islam must control all areas of life has led many Muslims to reject Western financial products and institutions, which they believe to be incompatible with shari`a law. They have also generated a wide range of alternative economic tools, initially in the Muslim world but more recently in the West, and have developed an increasingly lucrative international market. Join us as we examine the possible implications this alternative economic system could have for global finance and politics.

Official Website: http://www.heritage.org/press/events/ev032409b.cfm