Current Scenario: The auto industry, especially in the United States, is in a downward spiral alright, and no one has a clue what’s in store for this industry.
Islamic economic principles have prominently been applied in financial industry especially in banking.
Switch over to any television station, radio show or internet news pages and there’s a high chance that you’ll catch at least a snippet or two about the negative aspects of Islamists and such familiar terms such as “Islamic extremism” tend to crop up.
It is form of partnership under which one party called rub-ul-amal provides finance for the business while other party utilizes his core expertise to run the business.
Rarely have the two overlapped: corporate shareholders have no interest in giving money away and development banks have little to offer profit-oriented investors.
Islam will Rule the Whole World They were kings of Midian, leaders of the army, which came against Israel in the days of Gideon.
Affect of Islamic Banking Without education on cultural gaps and indeed the gaps between the Western and islamic banking structures for all consulting firms, a constructive dialogue can not start.
If they want a loan or a mortgage, two million Muslims in the UK face an ethical dilemma.