Repossessing Virtue: Ayman Amer on No-Interest Banking and a “House of Finance”
» download (mp3, 20:24)
Amara Hark-Weber, Production Intern
Throughout recent discussions of our current financial crisis, I have been struck at how few leaders are willing to imagine changes or alternatives to the system that has faltered. In this conversation, Mount Mercy economics professor Ayman Amer delves directly into this topic, outlining financial alternatives as they are practiced in the Islamic world. He ruminates on the shared responsibilities of government, lending bodies, communities and individuals discussing how they can they work together for mutual success. Amer uses the Islamic financial practices of no-interest banking as an example of an alternative method that could realistically be applied here in the United States.
As a scholar with an understanding of the financial structures of both the Islamic world and the United States, Amer pushes us to remember that in times of assessment and reflection it is as important to look outward as it is to reflect inward. He helps us do just this, asking how can we improve our own practices and challenging us to see examples elsewhere.