Reflections at the Islamic Society of North America's Convention

September 1, 2002

Source: The San Francisco Chronicle

On September 1, 2002 The San Francisco Chronicle reported that "Muslim money management is one of the hottest topics among the participants and the vendors of Islamic products and services [at the] Islamic Society of North America's four-day convention... The biggest stumbling block to pure Islamic finance is avoiding the money lenders and all those companies that draw profits from collecting interest payments. That violates shariah, or Islamic law, and includes most banks, mortgage lenders, mutual funds and other financial institutions. That does not mean, however, that Muslims can't make a profit. And figuring how to do so without violating Islamic law keeps a growing army of religious scholars and financial analysts busy these days."