Ribbis and Modern Finance

Are you expert in the laws of Ribbis? If so, there may be opportunities for you at the highest levels of government and business! From a recent article in the New York Sun:

Despite its difficulty in attracting Islamic financial business, America has taken some encouraging steps, including the U.S. Treasury Department’s appointment of a scholar-in-residence on Islamic finance in 2003. Since 1999, Dow Jones has begun tracking a number of indexes of Islamic markets that screen stocks based on Sharia criteria, even employing a dedicated board of Sharia scholars. In addition, Islamic mortgages, one of the first products to gain acceptance in America, have been growing since they first became available a decade ago, and in recent years, even Freddie Mac and Fannie Mae have been buying them.

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