06.08.2012 - Islam and money
Religion has plenty of guidance for all aspects of modern life. That most certainly includes how we manage our money. Paying interest, tithing, charity, even how we should view the concept of money itself. Over the next few weeks we'll look at the role that the church, the mosque or the temple plays in our financial decisions. This week, to mark the month of Ramadan, we'll start with Islam. Islamic finance is fundamentally shaped by its view of interest, or riba in Arabic. Dr. Yahia Abdul-Rahman is the author of "The Art of Islamic Banking and Finance." He also runs a mortgage firm in Pasadena, Calif. called American Finance House, LARIBA, which means riba-free...............................................Full Article: Source
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