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Simon Johnson. Makhlouf, Mohammad (Mohammad Ismail), 1963- Sloan School of Management. Sloan School of Management 2005-08-22T23:28:56Z 2005-08-22T23:28:56Z 2000 2000 http://hdl.handle.net/1721.1/9201 45483393 Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2000. Also available online at the DSpace at MIT website. Includes bibliographical references (leaves 86-87). This thesis discusses the idea of setting up a start-up business in North America (US or Canada) that complies to Islamic financial guidelines, with a view to attract funding from Muslim people around the world. These funds would be the nucleus of a conglomerate of companies investing in a diversity of projects around the globe, not the least of which would relate to infrastructure, educational and economic development of the mother countries from where these funds originate. The main premise of this proposal is that large sums of untapped financial resources exist in the Islamic world, that are not utilized, or under-utilized, on the basis of Islamic prohibition of several financial transactions prevalent in the global market, such as interest-earning debt. The result is that large sums of money are either kept in non-interest-earning bank accounts or not deposited in banks at all, by Muslim people. This thesis explores the challenges to be overcome in attempting to establish a start-up in North America that complies with Islamic jurisprudence, along with some recommendations for directing the investments of these funds. by Mohammad Makhlouf. M.B.A. 87 leaves 7740882 bytes 7740641 bytes application/pdf application/pdf eng Massachusetts Institute of Technology M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 Sloan School of Management. A proposal for establishing a startup business in the US complying to Islamic finance guidelines Proposal for establishing a startup business in the United States complying to Islamic finance guidelines Thesis application/pdf Publication unknown unknown <Publication xmlns="https://www.openaire.eu/cerif-profile/1.1/" id="2e931c83-238b-46dc-8d07-3314e7936daa"> <Type xmlns="https://www.openaire.eu/cerif-profile/vocab/COAR_Publication_Types">http://purl.org/coar/resource_type/c_1843</Type> <Language>eng</Language> <Title>A proposal for establishing a startup business in the US complying to Islamic finance guidelines</Title> <Subtitle>Proposal for establishing a startup business in the United States complying to Islamic finance guidelines</Subtitle> <PublishedIn> <Publication> </Publication> </PublishedIn> <PublicationDate>2000</PublicationDate> <Authors> <Author> <DisplayName>Makhlouf, Mohammad (Mohammad Ismail), 1963-</DisplayName> <Affiliation> <OrgUnit> </OrgUnit> </Affiliation> </Author> </Authors> <Editors> </Editors> <Publishers> <Publisher> <DisplayName>Massachusetts Institute of Technology</DisplayName> <OrgUnit /> </Publisher> </Publishers> <License>http://dspace.mit.edu/handle/1721.1/7582</License> <Keyword>Sloan School of Management.</Keyword> <Abstract>This thesis discusses the idea of setting up a start-up business in North America (US or Canada) that complies to Islamic financial guidelines, with a view to attract funding from Muslim people around the world. These funds would be the nucleus of a conglomerate of companies investing in a diversity of projects around the globe, not the least of which would relate to infrastructure, educational and economic development of the mother countries from where these funds originate. The main premise of this proposal is that large sums of untapped financial resources exist in the Islamic world, that are not utilized, or under-utilized, on the basis of Islamic prohibition of several financial transactions prevalent in the global market, such as interest-earning debt. The result is that large sums of money are either kept in non-interest-earning bank accounts or not deposited in banks at all, by Muslim people. This thesis explores the challenges to be overcome in attempting to establish a start-up in North America that complies with Islamic jurisprudence, along with some recommendations for directing the investments of these funds.</Abstract> <Access xmlns="http://purl.org/coar/access_right" > </Access> </Publication>