It’s no secret that the U.S. economy is in bad shape. The housing bubble burst. The stock market crashed. People lost a lot of their retirement savings.
Tags: banksbanking, Economy, Featured, housing market, interest rates, Recession, us economy
As the need for a strong foundation for our financial affairs increases, private banking is looked at as a great option. Private banking is relationship banking with a professional advisor to take care of the banking, investment and other financial needs. This means the customer service rendered is more personal than it is with [...]
Tags: Banking, business banking, Finance, private banking
Even in the business world, what goes up sometimes comes down, and if the company is big, the sound of the fall is louder and clearer. Chapter 11 bankruptcies in the United States have been many. Chapter 11 allows a company to reorganize by allowing the debtor to keep a part or all [...]
Tags: bankrupt, bankruptcy, chapter 11, fraud
Islamic banking follows Islamic laws and principles, primarily the tenet that interest must not be paid or collected and that profits and losses are shared. There are two other rules that come to play in Islamic banking. First, banks cannot be involved with businesses that take part in industries that are considered sinful, like gambling [...]
“Interest Free Banking” is a fundamental concept derived from the Islamic form of banking. It operates with the primitive professional and ethical standards that exclude the “Muslims” from paying or receiving any kind of interest. This certainly does not mean that the revenue generating activities or money raving businesses are not encouraged. All of these [...]
