Let me give you a scenario: You have a car that gets 15 miles to the gallon. The cost of gasoline is $3/gallon. Your favorite grocery store is 7 miles away and it takes you 15 minutes to get there. You go to the grocery store, buy a bunch of stuff then drive home. When…
Month: March 2024
Money Perspectives: Islamic Finance
After getting the Jewish perspective on money, I searched YouTube for a video on Islam and money and came across this interesting video. I understood some basic principles of Islam and money such that interest was generally forbidden in Islamic customs but I never knew the level of intricacy of the rules and processes for…