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Islamic securities deliver economic and social returns

“Ethical finance” is a term used to describe finance that is put to good social and environmental use. Interest in it has risen since the 2008 global financial crisis, with Islamic finance and socially responsible investment funds becoming its two fastest areas of growth. The World Bank Treasury has brought the two together by helping the International Finance Facility for Immunization issue two Sukuks in less than a year.
IFFIm is an international organization that finances child immunization and strengthens health systems related to it in some of the poorest countries of the world through Gavi, the Vaccine Alliance. Backed by nine sovereign governments—the United Kingdom, France, Italy, Norway, Australia, Spain, the Netherlands, Sweden, and South Africa—the organization raises money in the international capital markets.

Gassner's picture

Analysis of the JAK interest free loan model

Dear Readers,

aside from Islamic banks there is another model in practice for more than 20 years avoiding the topic of interest. I usually cite it in my seminars to show that even interest free loans can exist along a banking model. Years ago, an in depht analysis was published online:

http://anielski.com/wp-content/documents/The%20JAK%20Bank%20Report.pdf

In the meantime interested groups can seek assistance to set it up by:

http://www.cajasweden.se/downloads/caja_folder_e-version.pdf

And also JAK offers courses and backgrounds for international interested groups from abroad in their first newsletter:

http://jak.aventus.nu/download/JAK_Int/JAK_International_Newsletter_1.pdf

Addendum: A master thesis about JAK Medlemsbank can be downloaded here:

http://www.jak.se/sites/default/files/folkbildning/dokument/MARK_BURTON_...

Enjoy reading and take it as a source of inspiration!

Best regards,

Michael Saleh Gassner

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