Islamic Center of Nashville v. State of Tennessee (6th Cir. 2017): Ijāra Financing Cancels Real Estate Tax Exemption for Financed Property

To fund construction for a new building without violating Islamic law's prohibition against interest, the Islamic Center of Nashville (ICN) entered into an ijāra agreement with Devon Bank; the bank created a … Continue reading Islamic Center of Nashville v. State of Tennessee (6th Cir. 2017): Ijāra Financing Cancels Real Estate Tax Exemption for Financed Property

Islamic Center of Nashville: Ijāra Financing Cancels Religious Tax Exemption for Financed Property

U.S. Editor Abed Awad examines the implications of the 6th Circuit's decision in September regarding the financing of an Islamic Center through ijāra. Case: Islamic Center of Nashville v. Tennessee, … Continue reading Islamic Center of Nashville: Ijāra Financing Cancels Religious Tax Exemption for Financed Property