An Introduction to Islamic Finance Kate Lapane The oldest American nonprofit corporation–Harvard

The oldest American nonprofit corporation–Harvard College–dates from 1636

Using a carefully crafted cultural lens

The Black Worker aims to establish the richness of the African American working-class experience

public finance

the nor-west of Western Australia

An Introduction to Islamic Finance Kate Lapane The oldest American nonprofit corporation–HarvardAlthough the principles of Shari'ah require banks and financial institutions to be structured on an interest free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along