The beginning stages of a new Islamic inspired social networking site has been launched. Muslimface, a website inspired by Islamic values and sharia compliant, has started its beta version with over a thousand users reportedly privately testing the site.
Co-founded by the UK based entrepreneurs Shoaib Fadie and Rohail Shoaib, the site hopes to offer a family friendly online experience. “This social platform is an international project,” said Fadie. “It is designed from a Muslim point of view, but also opens up new opportunities with the rest of the world. It is basically a network by Muslims, through Muslims, presented to the world.”
Targeted for users 13-years and over, the website aims to expand to include versions in several languages including English, Arabic, Urdu, Bahasa (both Indonesia and Malaysia) and Turkish.
Shoaib hopes the sites serves as an “online majlis” where ideas are shared between generations, in addition to a platform “enabling a new generation of Muslims to grow into inspirational leaders.”
Click here for a YouTube video on the project. Muslimface.com is presently not available to the public.
sasaeed@thenational.ae
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Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
