May 7, 2015 was a historic day in India-Bangladesh relations. That was the day when Indian parliament passed a Land Boundary Agreement (LBA) Bill. The amendment ensures a settlement of the long-running land boundary dispute with Bangladesh. It will contribute to stability and better economic activities at the border points. The bill has now to be ratified and signed, which may happen in June when Indian Prime Minister Narendra Modi is due to visit Bangladesh. The arbitrary divis...

The nature of money

At the January 2010 World Economic Forum Annual Meeting in Davos, the erudite and prolific Sharia scholar, Muhammad Taqi Usmani, was invited to present a paper with a somewhat radical theme: reforming the world’s post-crisis financial landscape through the lens of religion. The paper generated little interest from the world’s media, which preferred instead to focus on the forum’s lack of reform plans and the predictably defensive stance taken by bankers. Had they read the 37-page document, though, they might have concluded that “caring capitalism” had the potential to be more than a mere romantic notion.