Ronaldo A. Potmis received a Ph.D. in Pharmacology and Toxicology from Florida A&M University Tallahassee, Florida in 1994. In 1995 he became a postdoctoral fellow at the National Institute of Neuroscience, Tokyo, Japan where he conducted studies on inherited metabolic diseases. He has published several articles related to toxicology and basic medical research in several international peer-reviewed journals. In college and thereafter he has been active in various Islamic organizations. Currently Potmis is the secretary of an Islamic Foundation, SHIP, in the Netherlands, and has started his own consulting agency.
Abstract of paper given at Islam
and Ecology conference:
Nabil Maghrebi and Ronaldo A. Potmis
Traditionally defined as the optimal management of resources, modern economic practices tend to contribute rather to their gradual exhaustion. Monetary delirium nourished by unconcerned maximization of wealth promotes a culture that associates consumption with indebtedness and investment with financial distress. The unstable monetary system and the misuses of financial technology are also conducive to the depletion or misallocation of real resources. Underlying financial principles and practices ranging from wealth non-satiation to usury legitimization should thus be given much thought and reflection. An Islamic-financial perspective can throw light on the fundamental relationship between environmental risks and financial returns and the inherent conflicts and compromises.