Islamic Finance Swimming Against the Tide

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Can we consider the word "bank" a suitable name and therefore model before considering its application into Islamic finance?

A little bit of a philosophical and historical question. The deficiencies that face Islamic finance nowadays are not a simple cyclical problem which impedes any economic phenomena but rather a structural problem coming from the origin of the practice.

The practice of banking began from around 2000 years BC as simple tools to provide working capital for traders who carried goods between cities. Etymologically speaking, the word bank came from Old Italian "banca" which means a table. It refers to the desk used to exchange counters during Renaissance by Florentine bankers which were the master...