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Word of the Day: Re-gentrification

Tuesday, 9 February 2010

In the name of God, Compassionate, Merciful بسم الله الرحمن الرحيمِ | Peace be with you السلام عليكم

In the name of God, compassionate & merciful بِسْمِ اللهِ الرَّحْمنِ الرَّحِيمِ | Peace be with you السلام عليكم

Word • Re-gentrification, noun.

Meaning • when upper or middle-income persons buy and renovate buildings in deteriorated urban neighborhoods thus improving property values but at the detriment of lower-income communities, this is known as gentrification
Example • "A Muslim practices fair business; avoiding the displacement of smaller businesses and families by building and contributing to the economic system fairly. While gentrification is a halal aspect of business, consideration for others heightens the ethics of work."

Read my piece on Urban Community Gardens, a {Halal Day's Work on Green Prophet}.

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