International Monetary Fund Managing Director Christine Lagarde called Egyptian President-elect Mohamed Mursi and reiterated that the IMF stands ready to support Egypt and looks forward to working closely with the authorities in Cairo. Muslim Brotherhood officials have said they plan to resume the previous government’s stop-and-start negotiations for a $3.2 billion IMF loan. Thus far there […]
Sebastian Gorka: Sahriah finance is a zero-sum game
On August 29, 2009 · In Abul-Ala Mawdudi, Al Qaeda, Britain, Islam, Islamic Finance, Islamic Law, Jihad, Obama, RIBA, Salafism, Shariah Finance, Shariah Law, stealth jihad, United Kingdom, Wahhabism, Zakat
Dr. Sebastian Gorka is military affairs fellow with the Foundation for Defense of Democracies in Washington, D. C., and associate fellow with the Joint Special Operations University. He has written an excellent article on Shariah-Compliant Finance which we think everyone should read… Dr. Gorka correctly identifies Shariah-Compliant Finance as a form of economic warfare being […]
Riba and Interest: Definitions and Implications Imad-ad-Dean Ahmad, Ph.D. Posted Feb 13, 2008 • Permalink • Printer-Friendly Version Riba and Interest: Definitions and Implications by Imad-ad-Dean Ahmad, Ph.D. [ABSTRACT: The overwhelming majority of scholars have historically held that all interest falls under the rubric of ribâ, banned by the Qur’an. We […]
Those who devour Riba (usury) will not stand (on the Day of Resurrection) except as stand one whom the Evil one by his touch Hath driven to madness. That is because they say: “Trade is like Riba (usury),” but Allah hath permitted trade and forbidden Riba (usury). Those who after receiving direction from their Lord, […]
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