Nicholas Kaiser
Nicholas Kaiser
adhere funds guidelines investing islamic mind muslim pope
Each Muslim makes up his own mind about investing. There is no Pope to set guidelines and each Muslim interprets investing in his own way. We have funds that adhere to Islamic principles, but the interpretation is personal.
both business debt encouraged islamic leverage muslims parties party share
When two Muslims go into business, they are encouraged to go in as equals. Debt is prohibited, as one party would have leverage over another. In an Islamic business deal, both parties share the risk.