By Reuel Amdur
Staff Writer
OTTAWA, ONTARIO, CANADA — Prior to the Canadian convention of the Islamic Society of North America, there was a two-day conference on Islamic banking, finance and insurance. The underlying principle was the Qur’anic prohibition of interest, called usury in the Qur’an: “Allah had permitted trade and forbidden usury.” However, during the convention it became clear that it is necessary to parse interest into component parts to see what is permitted. Read the full story
By William Khury
Staff Writer
Yes, that’s right, mind your OWN business. Don’t get offended… really what I’m saying is to Pay attention to your own business. Do you know who your customers are? Do you know how much it costs you to get them as a customer? Do you know how much it costs you when they leave you? Read the full story
The Difficulties of Islamic Finance
By Reuel S. Amdur
OTTAWA, ONTARIO, CANADA – Prior to the Canadian convention of the Islamic Society of North America, there was a two-day conference on Islamic banking, finance and insurance. The underlying principle was the Qur’anic prohibition of interest, called usury in the Qur’an: “Allah had permitted trade and forbidden usury.” However, during the convention it became clear that it is necessary to parse interest into component parts to see what is permitted.
In a loan, as an example, there are costs of administering the loan, such as bookkeeping. Those costs are permissible. As well, one may charge for inflation and still be sharia-compliant. Read the full story
Open for Business 24/7… for only $10/mo
By William Khury
Whether you own a business already, or are thinking to open one, now is a great time to start. “Why now… the economy is a wreck! Right?” … That’s Exactly Why. Today, believe it or not, I can show you how to start a business, load it up with products, fully decorate your store and only have a monthly rent of $10 per month. Sounds crazy? I’ll prove it. Read the full story
By William Khury
Staff Writer
In today’s difficult job-market, many people are in need of extra income, and who once was a stay-at-home parent, now is trying to help bring more income with little or no success. I came across a great website called FreeMoneyLessons.com a little while ago and saw a very interesting article that I’d like to share with our readers. Read the full story
By Sanaa Ouda
Staff Writer
Rapid growth and high profit in manufacturing have drifted companies from watching their spending. Engaging in competition, product improvement, and building wealth, companies tend to disregard its spending strategies. Companies operations tend to be less efficient, and care less about negotiating prices with suppliers. Read the full story
