New No-interest Superannuation and Mortgages within the Australian Capitalist System
Dr. Khaled- K- Alafi
Abstract
This exploratory paper looks at reconciling Islamic Shari’ah law which forbids profiting from interest (riba) and
how this can work in Australia where everyone must legally pay 9.25% of their salary into a superannuation fund
and all desire to own a house available only through a mortgage, while intending simultaneously to adhere to
Muslim religious beliefs.
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