Business Method Patents
With the recent ability to patent new methods of doing business in the United States, a small number of patent applications have been filed on methods for providing Sharia compliant financial services. These pending patent applications include:
- US US20030233324A1 Declining balance co-ownership financing arrangement. This discloses an allegedly Sharia compliant financing arrangement for home purchases and refinances that does not involve the payment of interest.
Read more about this topic: Islamic Economical Jurisprudence
Famous quotes containing the words business and/or method:
“Our business in this world is not to succeed, but to continue to fail, in good spirits.”
—Robert Louis Stevenson (1850–1894)
“A method of child-rearing is not—or should not be—a whim, a fashion or a shibboleth. It should derive from an understanding of the developing child, of his physical and mental equipment at any given stage, and, therefore, his readiness at any given stage to adapt, to learn, to regulate his behavior according to parental expectations.”
—Selma H. Fraiberg (20th century)