Is Islamic Finance The Answer?

I stumbled upon this article this morning and thought I might share it with you.

Experts in Islamic finance believe their way of doing business has shielded them from the global credit crisis. But how does it differ from conventional Western finance?

A former executive director of the International Monetary Fund, Dr Abbas Mirakhor, says wider Islamic economics relies on God's guidance, handed down almost 1,400 years ago.

There is a "consciousness of a supreme creator and a system that he has provided", he says. What we know as the conventional Western way does not have that, which is "really the major difference between the two", he adds.

In practical terms, the most significant difference is that charging interest is not allowed in Islamic finance. Neither are most forms of speculative investment permitted, such as hedging or derivatives trading.

[source]

Facts About Palestinian Economy

As you must know, its winter time.

This means that temperatures dip below zero, and right now its -3 degrees in the morning, and at noon it might reach 2 degrees.

So we need some source of heating.

But with Palestinian citizen's wages barely topping 200 Jordanian dinars a month, they will struggle to buy some natural gas to warm themselves.

Why is this?

Because with prices in Palestine soaring insanely high, gas costs you 10JDs per one jar. And you were complaining about 4.50JD a jar.

Also, one kilo of bread here has risen to 5 shekel, which is almost one dinar. In Jordan it is still 25 piasters.

Just thought you wanted to know.

I know I have not put any photos, this is because I am stuck with dial-up, if I go to my uncles I will post some photos.