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Islamic Finance Briefing - Categorized | Islamic Law / Economics, Market Moves more

Islamic laws of finance a cushion in hard times

Posted on 31 March 2009

From Sacbee.com: The recession gripping the nation has taken less of a toll on American Muslims who follow age-old Islamic laws against paying - or charging - interest.

They’ve also been shielded by socially responsible retirement plans because Shariah- Islamic law - forbids investments in banks and mortgages as well as tobacco, alcohol, gambling, pornography or weapons…..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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