December 25, 2013 By Nathaniel Popper A noted Muslim law scholar, Yusuf DeLorenzo, recently pored through the books of Continental Rail, a business that runs freight trains up and down the East Coast. Along with examining the company’s financial health, Mr. DeLorenzo sought to make sure that the rail cars didn’t transport pork, tobacco…
An Islamic organisation that has argued sobriety is an “obligation on Muslims” and a “revolutionary duty” has invested in a bar chain offering £1 “shooters’” and £3 cocktails. Accounts filed by the Islamic Human Rights Commission’s charitable trust in 2009 listed as an investment the Baa Bar Group, a Liverpool-based company with eight locations…
News Agencies –November 11, 2012 As Europe is engulfed in crisis, Qatar has been on a global spending spree, buying stakes in luxury brands, acquiring soccer club Paris St. Germain and financing London’s “Shard” — the EU’s tallest building. Now, to the consternation of the French, the emirate wants to make a major humanitarian…
CBC News – February 27, 2012 The deadline for RRSP contributions is nearing, but there’s another important investment concern for Muslims — ensuring the products they rely on for their retirement income comply with Islamic principles. With nearly a million Muslims in Canada, forming nearly three per cent of the country’s population, there has been…
Saving and investing in line with religious principles is important for many Muslims and an increasing range of financial products is now available to meet Sharia rules. There are 1.8 million Muslims in Britain and surveys show that about three-quarters are interested in the idea of running their savings and investments in keeping with principles…
