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One of Islam's five canonical pillars is a predictable, fixed, and mildly progressive tax system called zakat. It was … few decades after the rise of Islam, zakat opened the door to arbitrary political rule and material insecurity. A major …
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The increase in the revenues of Arab nations arising from the surge in world oil prices, together with the withdrawal of Arab investment from the United States, presents an opportunity for Australia to increase its share of Arab investment. But Islamic investors are expected to invest only in...
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