Planck Foundation



An actual English/Yemeni banker, board member of Tadhamon International Bank, who promotes the Islamic Banking model globally on seminars for the banking industry. Islamic Banking is a banking method characterized by the absolute absence of interest, so mainly a full equity driven way of finance: Providing risk capital in exchange of a share of the profits for a period. Or leasing equipment and real estate. Islamic banking doesn't need the fractional banking rule to exist. In a world with limits, fractional banking is no sustainable answer due the fact that is based on a continuous local economic growth process (for creating interest payment capacities). Islamic Banking could also develop a Raiffeisen like model, in which Islamic Banking and local development finds each other. Islamic Banking could certainly contribute to the corporate finance instruments worldwide.

Author: Gijs Graafland

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Planck Foundation