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Against the Grain

Invest in Islam!

And watch your money grow.

Want an economic solution that neither John McCain nor Barack Obama will be proposing? Sharia law. The Washington Post reports that Islamic banking is weathering the financial crisis much better than its Western counterparts. Sharia law mandates built-in protections from excessive risk taking, like bans on interest and trading in debt. A scriptural condemnation of usury means "money cannot just sit and generate more money. To grow, it must be invested in productive enterprises." So banks invest their clients' money and share the profits or losses. Islamic banking grows at about 15 percent a year.

Read it at The Washington Post

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