Sharif el-Gamal -

NYC mosque developer taking slower approach to project near ground zero

researcher13 years ago01 mins

NEW YORK — The developer of an Islamic community center and mosque near ground zero says it may take years to determine what kind of project Muslims and non-Muslims want. Sharif El-Gamal tells The New York Times (http://nyti.ms/qXbGwi) that decisions will be made after consultation with lower Manhattan residents and New York City-area Muslims. El-Gamal…

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Muslim Center’s Developer to Use Islamic Loan Plan

researcher14 years ago02 mins

Sharif el-Gamal, the developer, of the planned Muslim community center and mosque near ground zero envisions raising $140 million project by utilizing instruments developed to allow many Muslim investors to comply with religious prohibitions on interest. Most of the financing, Mr. Gamal said on Wednesday, would come through religiously sanctioned bondlike investments known as sukuk,…

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