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POI: Shariah compliant Mortgages and Investment in America
I find this to be extremely relevant now during the Global economic crisis. Islamic financing can provide a more ethical and more customer tailored approach to where your money goes. Here is a basic summary of Islamic Financing: 1. Joint sharing in risk and reward which provides responsibility and fairness to all parties. 2. Interest is prohibited. 3. Mudaraba (entrepreneurship or partnership with effort and experience). 4. No activities that are similar in nature to gambling. Here’s the …