What are halal mortgages?
By: Shariq Siddiqui, Assistant Professor & Director of the Muslim Philanthropy Initiative, Indiana University The growth of “halal mortgages” over the past 20 years has expanded financial access to homeownership for many Muslims. Halal mortgages provide interest-free loans in keeping with Islamic beliefs. These mortgages are available in over 80 countries that have a significant Muslim […]
I’m an economist. Here’s why I’m worried the California insurance crisis could trigger broader financial instability
By: Gary W. Yohe, Huffington Foundation Professor of Economics and Environmental Studies, Wesleyan University The devastating wildfires in Los Angeles have made one threat very clear: Climate change is undermining the insurance systems American homeowners rely on to protect themselves from catastrophes. This breakdown is starting to become painfully clear as families and communities struggle to rebuild. But another […]
Could a recent ruling change the game for scam victims? Here’s why the banks will be watching closely
By: Jeannie Marie Paterson, Professor of Law, The University of Melbourne and Nicola Howell, Senior lecturer, Queensland University of Technology In Australia, it’s scam victims who foot the bill for the overwhelming majority of the money lost to scams each year. A 2023 review by the Australian Securities and Investments Commission (ASIC) found banks detected and […]