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Irshaddering Thoughts: Grameen Bank v. Wall Street

October 22, 2008

I have discovered Irshad Manji after having read Infidel and doing some googling about what she’s doing now. Irshad is an example Ayaan Hirsi Ali holds up as a ‘group 2’ Muslim.  I googled some more and found this delicious piece of Grameen Bank (mircro-loans).  Enjoy. We do well to learn more about micro-loans is the post bail-out/infusion economy.  Great blogging Irshad.

Wall Street versus Grameen Bank

Posted in Irshaddering Thoughts on Oct 08, 2008

As a lot of you know by now, I’m a mega-fan of micro-business. Restoring humanity and reason to Islamic practice begins, I believe, with engaging the entrepreneurial talents of women in the Muslim world.

How? Through small loans — the kind dispensed by the celebrated Grameen Bank in Bangladesh. I’ll be writing more about this in a forthcoming issue of Newsweek. Hang tight.

Of course, I realize that amid the global financial credit crunch, it takes chutzpah to propose a solution that requires lending of any kind.

But if you really want to know why micro-credit rocks, even as we’re all being hosed by the bulls (or bulls***) of Wall Street, read this excellent piece by Indian journalist Salil Tripathi.

By the way, will soon profile Salil as an Agent of Moral Courage. He’s coming out with a book about censorship by Hindu nationalists.

May God(s) bless the dissidents of all faiths — especially those who think of, write about and recommend reforms in our universal religion of Greed.  In God we trust. In Need we invest. In Greed we speculate.

Which of these impulses does micro-credit tap info? Before you answer, reflect on Salil’s article. And once you do, consider giving a micro-loan of your own. Here’s a great site to start.

Irshad Manji blog and official website » Irshaddering Thoughts

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