Halal Real Estate Flipping

Nice read about Hakeem Olajuwon making money post-basketball. The article is here, and I have put some quotes from the article.

Hakeem Olajuwon, the soft-spoken Nigerian émigré who led his team to two NBA championships, also has done extremely well flipping real estate in his adopted hometown. Following an unorthodox yet disciplined strategy, he has managed to make as much in real estate in the past 10 years as he did in his 17 seasons playing professional basketball.

…

Another way Olajuwon minimizes risk is with cash-only transactions.

It’s against Islamic law to charge or pay interest, so he never seeks outside financing.