Posted by: islamicfinancingnews | May 29, 2013

Islamic finance works for business too

islam-31 Islamic finance is generally thought of as the vehicle to keep you free from Riba to get your first or second home, but you can use this Sharia compliant tool to get a business started too. Once you’ve decided on this method to help finance your business dreams, there are a few other methods that will help you to save cash.

  1. You can save on legal fees by using alternative dispute resolutions. No one ever really wants to go to court and looking for alternative methods can begin at your local Better Business Bureau.
  2. When you’re starting out in business, you need to save money at every turn and that can mean using a bookkeeper instead of an accountant. In most cases, a bookkeeper can keep an accurate track of things for a length of time until year’s end when you can hand everything over to the higher paid professional.

Using Islamic finance to its full benefit means using it when need be for starting a business.

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