IslamicFinance.de

Hajara Adeola is the CEO of Lotus Capital Limited, an ethical investment firm specialising in Shari’ah compliant asset management. She speaks on the challenges of Islamic finance practices in Nigeria and why the country should be part of the huge global Islamic finance market.
"I can use money, but I can't eat it. But I can buy rice at a cost and trade it at a premium and make my profit. Or I can build a house, and I can rent or lease it out. The fact that I have N7,000 for a bag of rice, I should not earn money just for having it in cash, as you do in the bank which is what interest is. You get a rate on money and that is what is forbidden in Islam." This is one of her many points of view.