True piety does not consist in turning your faces towards the east or the west - but truly pious is he who believes in God, and the Last Day; and the angels, and revelation, and the prophets; and spends his substance - however much he himself may cherish - it - upon his near of kin, and the orphans, and the needy, and the wayfarer, and the beggars, and for the freeing of human beings from bondage; and is constant in prayer, and renders the purifying dues; and [truly pious are] they who keep their promises whenever they promise, and are patient in misfortune and hardship and in time of peril: it is they that have proved themselves true, and it is they, they who are conscious of God.
Quran 2:177
Finance Islamic Style
As Shariah-compliant assets continue to grow, New York City-based Palm National Partners offers an asset sale-leaseback program which allows small businesses to use the cash equity of their existing assets to fund their businesses' growth and expansion.
Islamic Ethical Precepts While Conducting Business
Corporations today mostly increase their market capitalization and earn loyal clients and shareholders by maximizing profits and growth. CEOs and CFOs often declare to their shareholders that their main priority is to maximize Return on their Investment.
Boom, Bust, Crunch: Is there an Islamic Solution?
The credit crunch has sponsored much discussion on the need for a new approach to banking and finance. While the Islamic financial system has been mentioned as a possible alternative in this regard, it is widely recognized that this system has itself been largely modeled on its interest-based counterpart.
Space value of money and Islamic finance
Across the theory and practice of finance and financial valuation, the two most important principles used to value instruments and investments are time value of money and risk and return. This is a textbook fact, and is also true in theoretical and applied financial valuation models.
Upgrading to Islamic finance 2.0
We are at an important crossroads in Islamic finance and banking, and I want to explore, in this column, the future of Islamic finance. We hear about 1.5 billion Muslims, but has Islamic finance benefited the 'man on the street?' What is so 'Islamic' about Islamic finance?
Lessons from Islamic and Ethical Finance for Today
The notion of the moral economy is intrinsic to all the major faiths, each of which has placed ethical boundaries on the behavior of those active in the market.
Wisdom behind Prohibition of Riba (Interest)
One of the miracles of Islam are the rules of riba (interest, usury). Many students who for the first-time study these rules think they are a burden to the economy and question wisdom to why we exchange money for money in equal amounts and on the spot.
Surah Fatiha. Large Faux Canvas Frame. Overall Frame size 20 x 24 inches$44.95
Quotation from Surah Yusuf (12:64). Overall Frame Size 8 x 6 inches. $11.95