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Islamic Finance Briefing - Categorized | Islamic Law / Economics, Performance more

Islamic law provides financial cushion for some Muslim Americans

Posted on 06 May 2009

From Newsobserver.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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