Jesus saves, Moses lends, Muhammad invests – Islamic finance accounts for 1 trillion in banking

“The interesting thing about Islam,” says Professor Constant Mews, “is that it was a much more commercial culture from the outset than Christianity.”

And from around the middle of the eighth century to the middle of the 13th, while European Christians were struggling through the Dark Ages, the Islamic world enjoyed a golden age Ota download.

Arab merchants had a lot to do with it.

“They developed alternative ways of regulating funds,” says Mews.

“In particular the core Islamic principle is simply one of sharing profit and loss 다운로드. The desire is to promote investment by taking commercial risk.

“Risk, incidentally, is an Arabic word, referring to where you lend money to others without requiring a return unless there is profitable growth.”

And for some 500 years, this financial model underpinned advances in science, the arts, architecture, and innovation generally 다운로드. Then came the Crusades and the Mongol hordes, and the Islamic model of finance declined, the space becoming filled by that other model.

Islamic finance, however, is undergoing something of a renaissance 다운로드.

It is now a USD1 trillion industry…Mohamed Ariff continues the litany of statistical growth: there are 57 majority-Muslim nations, 76 countries which already practice Islamic banking, 350 banks, 15 insurance companies and about 1,200 mutual funds 스크린 헌터 다운로드.

Keep readingJesus saves, Moses lends, Muhammad invests

 

 

Continue reading Jesus saves, Moses lends, Muhammad invests – Islamic finance accounts for 1 trillion in banking

Who’s having a fantastic struggle? Show me your struggle. That is something that should be rewarded. (changing praise in schools)

For decades, the prevailing wisdom in education was that high self-esteem would lead to high achievement 다운로드. The theory led to an avalanche of daily affirmations, awards ceremonies and attendance certificates — but few, if any, academic gains.

Now, an increasing number of teachers are weaning themselves from what some call empty praise 카드워즈 다운로드. Drawing on psychology and brain research, these educators aim to articulate a more precise, and scientific, vocabulary for praise that will push children to work through mistakes and take on more challenging assignments 윈도우 8.1 순정 iso파일 다운로드. Consider teacher Shar Hellie’s new approach in Montgomery County.

To get students through the shaky first steps of Spanish grammar, Hellie spent many years trying to boost their confidence 다운로드. If someone couldn’t answer a question easily, she would coach him, whisper the first few words, then follow up with a booming “¡Muy bien!”

But on a January morning at Rocky Hill Middle School in Clarksburg, the smiling grandmother gave nothing away 리눅스 이미지. One seventh-grade boy returned to the overhead projector three times to rewrite a sentence, hesitating each time, while his classmates squirmed in silence 베를린 필하모닉.

Via Washington Post: In schools, self-esteem boosting is losing favor to rigor, finer-tuned praise