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2009-03-30 18:43:11

The U.S. economic downturn is taking less out of American Muslims who follow an Islamic law against paying or charging interest, observers note. The Sacramento Bee reported Monday that as a group Muslims also have been somewhat protected because they are barred from investing in banks and mortgages, which have experienced a big hit in the marketplace. If everybody was Shariah-compliant, there would be no recession, said Farouk Fakira, who moderated a discussion on Islamic finance at...


Word of the Day
bibliopole
  • A bookseller; now, especially, a dealer in rare and curious books.
This word comes from a Greek phrase meaning 'book seller.'
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