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Palm does not lend money and does not charge interest, both of which are not permissible under Islamic law. Islamic law allows the sale and purchase of assets for a profit, either by using all-cash or by installment payments over time, a "rent to own" or "ijara" structure. ) ... More
A Muslim employee is expected to be both professional and spiritual. He joins technical knowledge acquired through education and experience with ethical conduct to produce goods and services to the best of his abilities because he considers work to be a form of worship. ) ... More
If a money lender from the time of Christ had loaned an ounce of gold at 5% annual compound interest, it would today require an amount of bullion weighing several planet Earths in repayment. ) ... More
Islam expressly prohibits the concentration of wealth in the hands of the few, i.e. hoarding, waste, extravagant consumption and miserliness - the excesses of global financial liberalization are in deep conflict with Muslim values.) ... More