Why a Natural Gas Company Is Shaking the World of Islamic Finance
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 3 July 2017
⏱️ 28 minutes
🧾️ Download transcript
Summary
Earlier this month, Dana Gas, a UAE-based company, rocked the world of Islamic finance by announcing that one of its Shariah-compliant bonds was, well, no longer Shariah-compliant. On this week's episode of Odd Lots, we speak to veteran Dubai-based journalist Frank Kane about the rise of Islamic finance (what it is, how it works, why it's grown so fast) and why the Dana Gas announcement is such a big deal.
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| 0:29.0 | Welcome to Crash Course, a podcast about business, political, and social disruption, and what we can learn from it. |
| 0:37.0 | I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and I'm |
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| 0:57.9 | or wherever you get your podcasts. Hello and welcome to another edition of the Odd Lots Podcast. I'm Tracy Allaway. |
| 1:15.2 | And I'm Joe Wiesenthal. So Joe, do you remember we had on one of the authors of that |
| 1:21.8 | 3,000-page book called A History of Interest Rights. |
| 1:25.0 | Ooh, yeah, that was a really, that was a really early episode and a really good one. |
| 1:30.0 | Yeah, everyone should go back and listen to that one by the way. But I'm curious, did you ever actually read the book? |
| 1:36.3 | Should we pause here and give people some time to go back and listen and then like resume? |
| 1:45.1 | No, we're going to keep going. Answer my question. Did you actually read the book? No. No I want to but it is huge. |
| 1:50.7 | It is a massive I'll read it one day, but no, I'm not going to lie, I haven't read it yet. |
| 1:57.0 | Okay, well the secret is most of it is charts, but you should still read it because it's really good. |
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