Islamic finance, like conventional finance, is simply an approach to solving the economic problems we currently have. The course appeals to a wide spectrum of students, and my classroom is diverse.Well, as long as one genuflects to the God of Diversity, there's no problem, right? (Hat tip: BCF)
My letter to the Star:
Professor Walid Hejazi would have us believe that Islamic finance is merely one more approach to our "economic problems." That is, that one should ignore its religious element, and see it as being completely benign. In fact, Islamic finance is the economic component of Islam, a religion which does not and will not "render unto Caesar what belongs to Caesar" since, as Islam sees it, everything is owed to God, that is, to Allah.
Therefore, the point of Islamic finance is to extend the influence and reach of Islam. To claim otherwise, and to do so under the guise of "diversity," is highly misleading, and amounts to proselytizing on Islam's behalf. That being so, it's hard to see what this course is doing at the Rotman School of Management, which, last time I checked, was a still a secular institution.
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