To mark the publication of the report “Public Faith and Finance: Faith responses to the financial crisis”, a policy roundtable discussion was held on 14 July with the APPG on Faith and Society, chaired by the Rt Hon Stephen Timms MP, with a response from Steve Double MP.
Drawing on preliminary results from Faith and Finance Survey, we are uncovering a variety of ways in which faith-based organisations and charities are making a significant contribution to alleviating poverty, tackling financial exclusion and advocating ethical products and interest-free forms of credit.
Public Spirit and the Centre for the Study of Ethnicity & Citizenship are delighted to announce the launch of our new project on ‘Public Faith and Finance’, investigating the role of faith-based organisations in developing sustainable and ethical alternatives to market-based finance.
TAREK EL DIWANY: On 23 October 2013 Public Spirit hosted a debate on: ‘Can public faith help rebuild the link between morality and markets?’ In this response, Tarek El Diwany highlights the need to challenge the ‘MBA consensus’ that shapes the financial sector, and suggests Islamic finance offers a starting point for making change.
ELAINE HOUSBY: The main targets of the British government’s attempts to attract Islamic funds are the extractive economies of the Gulf – which offer a narrow interpretation of Islam. Yet look beyond this and it is possible to find deeper principles in Islamic finance that overlap with the strong British tradition of mutualism.
SHENAZ BUNGLAWALA: The ninth WIEF tapped into the new breed of ‘halal consumers’, but will it help remoralise finance?