Buying a home is the biggest financial investment most people will ever make and usually involves taking out a loan. A mortgage is the usual solution, but it’s not for everyone. Lack of financial resources is the most common reason for not taking out a loan. But for some people, the reason is that their… Read more »
Tag: Islamic finance
Eid, Islamic finance and the UN’s Sustainable Development Goals
Muslims all over the world are celebrating Eid-ul-Adha, the ‘festival of sacrifice’ or the Greater Eid. The other Eid, Eid-ul-Fitr is the festival which marks the end of Ramadan, the month of fasting. This is when many Muslims pay their annual zakat – a religious tax equivalent to 2.5 percent of a person’s wealth each… Read more »