Khalid Kadir on Islamic Finance in America

Other People's Pockets

As a Muslim, Khalid Kadir navigates personal finance differently than most of his fellow Americans. That means not obtaining traditional loans (because you're charged interest, which is forbidden) or buying conventional insurance (because it often relies on speculation). Khalid, who teaches engineering at UC Berkeley, explains how following the rules of Islamic finance has meant a much less glamorous life than he might otherwise have, one with unexpected good karma.

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