{"id":398,"date":"2009-03-31T17:17:37","date_gmt":"2009-03-31T17:17:37","guid":{"rendered":"http:\/\/mohamediqbalp.wordpress.com\/2009\/03\/31\/islamic-law-protects-muslims-from-downturn\/"},"modified":"2009-03-31T17:17:37","modified_gmt":"2009-03-31T17:17:37","slug":"islamic-law-protects-muslims-from-downturn","status":"publish","type":"post","link":"https:\/\/venusimportexport.com\/wordpress\/index.php\/2009\/03\/31\/islamic-law-protects-muslims-from-downturn\/","title":{"rendered":"Islamic law protects Muslims from downturn"},"content":{"rendered":"<p><a href=\"http:\/\/www.marketwatch.com\/news\/story\/islamic-law-protects-muslims-downturn\/story.aspx?guid=%7BFBB91347-3AAB-47C7-9353-EC1BE072DF00%7D&amp;dist=msr_2\">Islamic law protects Muslims from downturn &#8211; MarketWatch<\/a><\/p>\n<blockquote><p>Islamic law protects Muslims from downturn<\/p>\n<p>Last update: 7:43 p.m. EDT March 30, 2009<br \/>SACRAMENTO, Mar 30, 2009 (UPI via COMTEX) &#8212; The U.S. economic downturn is taking less out of American Muslims who follow an Islamic law against paying or charging interest, observers note.<br \/>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.<br \/>&#8220;If everybody was Shariah-compliant, there would be no recession,&#8221; said Farouk Fakira, who moderated a discussion on Islamic finance at Sacramento&#8217;s Masjid Annur last week.<br \/>Shariah prohibits usury, which often took advantage of desperate people who needed to feed or protect their families, said Imam Muhammed Abdul Azeez of Sacramento Area League of Associated Muslims. &#8220;There&#8217;s an element of exploitation here.&#8221;<br \/>About one-fifth of the Sacramento area&#8217;s 50,000 American Muslims follow Islamic rules of finance, said Irfan Haq, an economist and president of the Council of Sacramento Valley Islamic Organizations.<br \/>&#8220;Muslims in general have been much less affected by the recession because they&#8217;re very cautious and conservative in matters of finance and take a longer-term view of life,&#8221; Haq was quoted as saying. &#8220;They want to invest their funds in a way that pleases God so they can sleep peacefully &#8212; they care about the afterlife.&#8221;<\/p>\n<p> www.upi.com<\/p>\n<p>Copyright 2009 by United Press International End of Story<\/p><\/blockquote>\n<div class=\"zemanta-pixie\"><img decoding=\"async\" class=\"zemanta-pixie-img\" src=\"http:\/\/img.zemanta.com\/pixy.gif?x-id=1d353084-972f-883f-9e6b-287af24805ba\" \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Islamic law protects Muslims from downturn &#8211; MarketWatch Islamic law protects Muslims from downturn Last update: 7:43 p.m. EDT March 30, 2009SACRAMENTO, Mar 30, 2009 (UPI via COMTEX) &#8212; 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&hellip; <br \/> <a class=\"read-more\" href=\"https:\/\/venusimportexport.com\/wordpress\/index.php\/2009\/03\/31\/islamic-law-protects-muslims-from-downturn\/\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-398","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=398"}],"version-history":[{"count":0,"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/398\/revisions"}],"wp:attachment":[{"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/venusimportexport.com\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}