Passengers, Partnerships, and Promissory Notes: Gujarati Traders in Colonial Natal, 1870-1920
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32 pages
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UKZN - Gandhi-Luthuli Documentation Centre
There were no complicated business arrangements. People trusted each other in those days. When you opened a shop, you would do your utmost to pay your creditors first... To be insolvent was a stigma. Traders tried to help one another. They helped others to open a shop. They lent money to one another without interest, but by and large it was a stigma to borrow. For Muslim merchants to borrow on interest was unlawful. 1 In this 1980 interview, the renowned journalist Faruqi Mehtar summarized popular notions among Muslims about …
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Posted by: Thiru
On: Friday, May 24, 2019 - 11:02