Search for: "Northern Leasing Systems" Results 181 - 184 of 184
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18 Sep 2007, 7:50 am
This financial tool remains consistent with Shariah and avoids the use of riba on the ground that the bank actually owns the product and has thereby taken on considerable risk in case the entrepreneur backs out, so the profit is justifiable because it is earned.[29] Likewise, if the entrepreneur defaults, he is only responsible for the balance of the account attributable to the acquisition cost, not for any additional fees or interest.[30] Two allowable exceptions under Shariah to a murabahah… [read post]
12 Jul 2007, 1:19 am
Source: New York State Legislative Retrieval System (LRS), Search run on July 12, 2007. [read post]
7 Oct 2006, 5:06 am
Represented a West Virginia nonprofit hospital in negotiations with a for profit hospital system to sell its facility in return for the construction of a new $80 million health care facility to serve the local community. [read post]