When will and good citizenship convergence you have success


The land of opportunity is better than what we’ve witnessed the last eight years of fear and warmongering and so it is, that ingenuity on the part of a citizen and the will on the part of a businessman combined to render a service to a community and do so successfully in a time of economic turmoil.

University Bank now has an entire subsidiary devoted to financial products that comply with Muslim religious law, or Shariah. It has done nearly $80 million in Islamically approvable “mortgage-alternative” financing for residential and commercial real estate in 15 states.

This past week, while the stock market plunged to its lowest point in a dozen years and close-to-home General Motors teetered near bankruptcy, University Bank recorded one of its best periods ever. It completed 11 home sales, more than twice the weekly average, to observant Muslim customers, and pushed four more closings into next week.

On more than one occasion I have chided Muslim customers who allowed themselves to be debased by a Charlotte, NC bank that really doesn’t want their business. No one should pay anyone else to take their money. So maybe those good citizens of Charlotte can go down to a bank who really wants their business and help make them even more profitable. There’s a lesson to learn from this: people working together can accomplish a lot more for all than one group that wants to humiliate another group because of some false sense of patriotism, citizenship or racial/ethnic arrogance.

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