Umer Chapra's warning & banking in Bangladesh

Dr Muhammad Umer Chapra’s passing in late June marked the end of an era in modern economics, however for many people studying the subject, it also raised a difficult issue. A towering figure in Islamic finance, Chapra spent nearly six decades arguing that a financial system based upon interest rates...

Money that missed the market

Bangladeshis will fund almost anything: from a cousin's factory expansion to a friend's restaurant chain. A 'guaranteed' land project was promoted through Facebook Live. A startup with no revenue but a convincing founder also gets funding. Funding for a cooperative promise monthly returns that defy mathematics and common sense is...