To begin with, Islamic banks are based on a corpus of doctrines called “Islamic economics,” which claims to be based on the Quran, but is actually the creation of the Islamist thinker Abu’l-A’la Mawdudi (1903-1979).
Mawdudi is both the father of Islamic economics and (together with Hassan al-Banna, founder of the Muslim Brotherhood) the father of modern political Islam.
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