3 ms·
A possible fix is to start investing, but it may be too late. If I remember correctly I think investing for profit is a gray area in Islam, but Kuwait did it an
by airplane 11y ago
A possible fix is to start investing, but it may be too late. If I remember correctly I think investing for profit is a gray area in Islam, but Kuwait did it and if I remember correctly they use to have more returns from their investments then they did on oil and paid every citizen a base salary from it (until Saddam invaded and they had to cash out).
- digi_owl 11y agoBest i recall, there is some issues with lending and interest. After all ol' Muhammad was a merchant by trade...
- simplect 11y agoTrade and investing is permissible in Islam. However interest and derivative financial instruments are strictly prohibited for various reasons, one of which is trying to avoid "renters' economy.