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Interest-Based Finance and Global Warming: Making the Connection

Interest-Based Finance and Global Warming: Making the Connection

(1888PressRelease) December 09, 2010 – DUBAI, UAE – How does interest-based finance contribute to global warming? And how does Islamic finance provide an alternative? Ethica Institute of Islamic Finance, the Dubai-based training and certification institute, explores these and other topics in a live webinar on Sunday, December 12, 2010 at 6pm (Dubai time).

Ethica looks at how interest-based finance imposes unnatural demands on humans and nature, and explains how Islamic finance offers an ethical alternative. The webinar also shows attendees how to get involved and concludes with a live Q&A.;

Ethica’s Managing Director, Atif Khan said, “The connection between interest-based banking and global warming is rarely made. Yet, across the globe, every summer gets hotter and every winter gets milder. We need to make this connection and understand the true humanitarian cost of compounding interest and the demands it places on the Earth and us.”

Between 1980 and 2007, the summer Arctic ice area shrank from ten million square kilometers to four million square kilometers. At this rate, the Arctic will be almost free of ice within fifteen years and the sun, with no large ice sheet deflecting its light, will have free reign to warm our oceans at will. Rising sea levels and increasing global heat are not part of a natural, glacial shift in the Earth’s weather patterns, as some of those in moneyed quarters might have us believe, but rather a dramatic environmental shift all happening in a blink of the Earth’s archaeological eye. It is caused by us. A fact easily measurable from carbon data in ice stratigraphy dating back millions of years.

About Ethica Institute of Islamic Finance: In 2010, Ethica (www.EthicaInstitute.com) was chosen by more professionals for Islamic finance certification than any other organization in the world. The Dubai-based institute received the award nomination for “Best Islamic Finance Training Institution” in 2009 and 2010 by Islamic Business and Finance Magazine. Ethica’s clients include banks, universities, and professionals in over 20 countries.

Registration is available on a limited first-come, first-served basis at www.facebook.com/EthicaInstitute. For more information about this article, or to schedule an interview with Ethica Institute of Islamic Finance, please call Sameer Hasan at +971-4-305-0782 or e-mail at info ( @ ) ethicainstitute dot com.

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