Tag: finance
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Is this the end of the money-printing era?
Central banks have been printing money for about 50 years. Could the current inflation crisis be the end of the money-printing era? The history of the ‘Federal Reserve’ In the beginning, the US constitution only recognized gold & silver coin as legitimate payment for debts. This served as part of a system of checks &…
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Is Bitcoin the only real cryptocurrency?
Considering all of the different cryptocurrencies on the market today, it’s worth asking ourselves what a cryptocurrency is actually supposed to be, and whether these new products actually serve these roles. Is Bitcoin the only real cryptocurrency? After Bitcoin skyrocketed, coders around the world rushed to create their own ‘cryptocurrencies’ that would revolutionize the world.…
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Islamic loans compared to traditional loans
In Islam, all interest is forbidden. However, those living in Muslim countries can still take advantage of bank leverage to purchase assets. This article will discuss the Islamic financial system & how it differs from traditional western finance; specifically how a shariah-compliant loan differs from a traditional loan. Since interest is forbidden in Islam, banks…