Usman Hayat, CFA

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Usman Hayat, CFA, is director of Islamic Finance and ESG at CFA Institute, where he focuses on Islamic finance and socially responsible investing. Previously, he worked as an independent consultant in the capital market in Pakistan in the areas of market development and risk management for clients, including the securities regulator, stock exchanges, clearing company, and the securities depository. Hayat has been an active columnist on capital market issues. He has earned the Financial Risk Manager designation from the Global Association of Risk Professionals, the Islamic Finance Qualification from the UK Securities and Investment Institute, and a Certificate in Islamic Finance from the Chartered Institute of Management Accountants. Hayat holds an MBA from Lahore University of Management Sciences and an MA in development economics from University of Sussex. Topical Expertise: Islamic Finance and ESG Investing

Ethics and Finance: Candid Insights from John Hendry

Ethics and Finance: Candid Insights from John Hendry

Does the financial services field constitute a profession? Are its practitioners more prone to ethical lapses than those in other sectors? Does it contribute to inequality? In this provocative interview, Cambridge University professor John Hendry, author of Ethics and Finance: An Introduction, offers some startling answers and considers ways to make financial services more ethical. Read more

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Is the Islamic Finance Industry a Success or Failure?

Is the Islamic Finance Industry a Success or Failure?

Since 1975, when the first Islamic commercial bank was established in Dubai, Islamic finance has come a long way. Its global assets are now estimated to be around US $1.5 trillion across the banking sector, capital markets, and takaful, or Islamic insurance. Given the available track record, how do informed observers characterize the development of this most prominent form of faith-based finance? Read more

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Film Review: Money for Nothing

Film Review: Money for Nothing

The documentary film Money for Nothing: Inside the Federal Reserve is a critical evaluation of the policies pursued by the US Federal Reserve over the years. Released in the United States in 2013 and set amid the context of the global financial crisis, it explores what has become a rather familiar paradox: more debt is both the problem and the solution in pursuing economic growth. Read more

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