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2 posts tagged with muslim by amberglow.
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no interest, no profit?

Islamic finance --doing business according to Shari'a. ...Pious Muslims are not allowed to invest in industries that have ties to tobacco, alcohol, weapons, pornography or pork products. Since the law prohibits banks from charging or paying interest, Noriba and other Islamic Financial Institutions (ifis) instead make money by using a system based on the sharing of capital gains or losses. But even with post-Sept. 11 suspicions that Islamic banks may fund terrorist organizations, demand for the services of ifis is on the rise from the towers of Bahrain to the streets of London. Indeed, they represent one of banking's hottest sectors. ... more here
Socially-conscious investing of a different sort?
posted by amberglow on May 6, 2005 - 15 comments

US Muslims, civil rights, and the 2004 elections

"I am an American, I am a Muslim and I vote." That was one of the themes at the Islamic Society of North America convention this weekend, and Muslim leaders, who endorsed George Bush in 2000, may be looking elsewhere as a result of the government's actions against Muslims since 9/11. There are plans to register 1 million new Muslim voters, out of an estimated 2 to 6 million population.
Until recently, the plight of the Palestinians dominated political discussion among American Muslims. But Muslim leaders say they must now be pragmatic as they seek greater influence in government.
A newly-energized U.S. Muslim population up for grabs--but would their endorsement be a liability in our current climate?
posted by amberglow on Sep 1, 2003 - 18 comments

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