Leonard Grunstein Analysis Published in The Banking Law Journal

An extensive analysis conducted by Leonard Grunstein was published in The Banking Law Journal.  The highly reputable publication, featured Grunstein’s analysis of the contemporary application of Jewish laws regarding the taking of interest. Yeshiva University affirmed,

“The Banking Law Journal, publication, reflects Mr. Grunstein’s mastery of the intricacies of a complex area of halakhah, of the similar challenges raised by the strictures of Islamic law, and of the workings of Western economies.”

Grunstein presents his findings,

“The Article provides a timely analysis of the recent defaults, bankruptcies and attempts at restructuring of Sha’ariah compliant financial products, including. the spectacular bankruptcy by a Sha’ariah compliant institutional lender, which threatens to undermine the very basis for these products. It discusses the structural issues exposed by these events as well as the inherent incompatibility between existing Sha’ariah products and the requirements of the capital markets.”

Read Leonard Grunstein’s full report here.

Leonard Grunstein became a member of the Revel Board of Overseers in the summer of 2013.  Both Grunstein and his wife, Chana, are long-time supporters of Yeshiva University.

Tagged: Leonard Grunstein, Revel Board, The Banking Law Journal, Yeshiva University