Re:Young Saudis See Cushy Jobs Vanish Along with Nation’s Oi...
by airplane on Sunday February 21, 2016 @08:27PM
(#11147730)
A possible fix is to start investing, but it may be too late. If I remember correctly I think investing for profit is a gray area in Islam, but Kuwait did it and if I remember correctly they use to have more returns from their investments then they did on oil and paid every citizen a base salary from it (until Saddam invaded and they had to cash out).
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Re:Young Saudis See Cushy Jobs Vanish Along with Nation’s Oi...
by digi_owl on Sunday February 21, 2016 @09:24PM
(#11147996)
Best i recall, there is some issues with lending and interest.
After all ol' Muhammad was a merchant by trade...
Re:Young Saudis See Cushy Jobs Vanish Along with Nation’s Oi...
by simplect on Sunday February 21, 2016 @10:03PM
(#11148141)
Trade and investing is permissible in Islam.
However interest and derivative financial instruments are strictly prohibited for various reasons, one of which is trying to avoid "renters' economy.