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COMMENTARY: Faith and Fortitude — How Black Muslims’ Core Values Can Transform the Racial Wealth Landscape

NNPA NEWSWIRE — It’s no longer a choice but an obligation to take the current economic state of our community into consideration. We need to be aware of the influence of our purchasing power and support the policies that influence the expansion of the local economy. We should not rely on the government or corporate entities to bring about change in our communities. 
The post COMMENTARY: Faith and Fortitude — How Black Muslims’ Core Values Can Transform the Racial Wealth Landscape first appeared on BlackPressUSA.

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By Dr. Quiana M. Shamsid-Deen
DSW, LMSW, Exe. Dir.
Supreme Family Foundation
Assoc. Prof., Georgia State University

ATLANTA, Ga. – In order to encourage economic empowerment, the Nation of Islam (NOI) put a strong emphasis on business education and financial literacy. They founded a national bank in 1973 with offices in Chicago, Detroit, Washington, D.C., Atlanta, Los Angeles, and New York City that provided financial services like small business loans and credit cards that were especially suited to their members’ requirements.

The Nation of Islam also aimed to establish member-run cooperatives and small businesses in order to foster a culture of economic self-sufficiency. They established Muhammad Speaks Music Group, their own record company, to release albums from various rap and R&B artists. In terms of economic justice and self-sufficiency, the Nation of Islam has left a significant legacy, and its teachings are still applicable today.

In order to build a sustainable business that generates jobs and supports the neighborhood economy, Black Muslim entrepreneur Khalilah Beavers opened the Halal Soulfood restaurant in New York City in 2019. She did this by drawing on Islamic principles of economic justice.

Meals were donated to food banks, homeless shelters, and other charitable organizations as a result of Beavers’ dedication to social responsibility.

The development of impact Investment funds are another instance of how Black Muslims have applied these ideas. The Black Muslim Investment Group (BMIG) is an African American-led investment fund that focuses on delivering financial returns while also achieving positive social and environmental impact.

The BMIG has made investments in companies in a variety of sectors, including technology, healthcare, education, and renewable energy. They support sustainability while also fostering economic opportunity within their community by utilizing their resources to invest in companies that share their values.

Through the concept of Zakat, an obligatory act of charity and one of Islam’s Five Pillars, Islamic principles can be used to combat the structural causes of the racial wealth gap. By requiring people to donate a portion of their wealth to the less fortunate, zakat promotes economic justice by providing a source of income for those who are in need.

If properly implemented, this system can help lessen economic inequality by redistributing wealth among the various social classes. Islamic principles also place a strong emphasis on racial and class-neutral solidarity among all members of society; this idea of universal equality under God serves as a foundation for opposing systemic racism and advancing equality for all.

Last but not least, Islamic banking practices like the ban on interest can act as an alternative to conventional banking systems, which have been accused of fostering racial socioeconomic inequality.

Islamic banking can increase access to financial services for minorities, who frequently lack access to traditional banking services due to income inequality. Islamic banking does this by providing an ethical framework for lending money without charging interest.

It’s no longer a choice but an obligation to take the current economic state of our community into consideration. We need to be aware of the influence of our purchasing power and support the policies that influence the expansion of the local economy. We should not rely on the government or corporate entities to bring about change in our communities.

However, we should hold them responsible and have a plan in place for how to make amends for their wrongdoing. It is our responsibility to ensure that we are championing the idea of contributing to capital reinvestment in our community in order to ensure its expansion and prosperity for coming generations.

Furthermore, rather than relying on outside sources, we must develop a financial system unique to the Black community. We should also stay informed about economic inequality and use our resources to help eliminate it, in turn becoming disruptors to the current state of our economic affairs.

The tenets that Black people should “Do for themselves” are the foundation of these principles. This motto encourages the development of economic self-sufficiency among Black people and serves as an inspiration for them to build their own economic ecosystem.

The racial wealth gap nonetheless persists, so Black Muslims must keep advocating for measures to address the causes of inequality in order to close the gap. Black Muslims can regain the self-assurance to take charge of their financial destinies and build a new world for themselves and future generations by relying on these principles and upholding this legacy.

We have the ability to affect long-lasting change both domestically and internationally because of our position as Black Americans. However, in order to achieve this, we must take decisive action to overcome systemic obstacles.

If our voices are included in the global dialogue, our vision of equality can take shape; however, without first addressing injustice at home, we won’t be able to make real progress on a global scale. We’ve waited too long; it’s time for us to take control and turn survival into thriving!

Sources: 

Allen, E. (1996). Religious Heterodoxy and Nationalist Tradition: The Continuing Evolution of the Nation of Islam. The Black Scholar, 26(3/4), 2–34. http://www.jstor.org/stable/41068679

Prosperity Now (2017, September). Road to Zero Net Wealth: How the Racial Wealth Divide is Hollowing Out America’s Middle Class. Prosperity Now.

Rochester, S. (2019). The Black Tax: The Cost of Being Black in America. John Wiley & Sons.

This article originally appeared in The Muslim Journal.

The post COMMENTARY: Faith and Fortitude — How Black Muslims’ Core Values Can Transform the Racial Wealth Landscape first appeared on BlackPressUSA.

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Trump Set to Sign Largest Cut to Medicaid After a Marathon Protest Speech by Leader Jeffries

BLACKPRESSUSA NEWSWIRE — The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S.

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By Lauren Burke

By a vote of 218 to 214, the GOP-controlled U.S. House passed President Trump’s massive budget and spending bill that will add $3.5 trillion to the national debt, according to the Congressional Budget Office (CBO). The bill also represents the biggest cut in Medicare in history and is a threat to the health care coverage of over 15 million people. The spending in Trump’s signature legislation also opens the door to a second era of over-incarceration in the U.S. With $175 billion allocated in spending for immigration enforcement, the money for more police officers eclipsed the 2026 budget for the U.S. Marines, which is $57 billion. Almost all of the policy focus from the Trump Administration has focused on deporting immigrants of color from Mexico and Haiti.

The vote occurred as members were pressed to complete their work before the arbitrary deadline of the July 4 holiday set by President Trump. It also occurred after Democratic Leader Hakeem Jeffries took the House floor for over 8 hours in protest. Leader Jeffries broke the record in the U.S. House for the longest floor speech in history on the House floor. The Senate passed the bill days before and was tied at 50-50, with Republican Senator Lisa Murkowski saying that, “my hope is that the House is gonna look at this and recognize that we’re not there yet.” There were no changes made to the Senate bill by the House. A series of overnight phone calls to Republicans voting against, not changes, was what won over enough Republicans to pass the legislation, even though it adds trillions to the debt. The Trump spending bill also cuts money to Pell grants.

“The Big Ugly Bill steals food out of the hands of starving children, steals medicine from the cabinets of cancer patients, and equips ICE with more funding and more weapons of war than the United States Marine Corps. Is there any question of who those agents will be going to war for, or who they will be going to war against? Beyond these sadistic provisions, Republicans just voted nearly unanimously to close urban and rural hospitals, cripple the child tax credit, and to top it all off, add $3.3 trillion to the ticking time bomb that is the federal deficit – all from a party that embarrassingly pretends to stand for fiscal responsibility and lowering costs,” wrote Congressional Black Caucus Chairwoman Yvette Clarke (D-NY) in a statement on July 3.

“The Congressional Budget Office predicts that 17 million people will lose their health insurance, including over 322,000 Virginians. It will make college less affordable.  Three million people will lose access to food assistance through the Supplemental Nutrition Assistance Program (SNAP). And up to 16 million students could lose access to free school meals. The Republican bill does all of this to fund tax breaks for millionaires, billionaires, and corporations,” wrote Education and Workforce Committee ranking member Rep. Bobby Scott (D-VA) in a statement. The bill’s passage has prompted Democrats to start thinking about 2026 and the next election cycle. With the margins of victory in the U.S. House and U.S. Senate being so narrow, many are convinced that the balance of power and the question of millions being able to enjoy health care come down to only several thousand votes in congressional elections. But currently, Republicans controlled by the MAGA movement control all three branches of government. That reality was never made more stark and more clear than the last seven days of activity in the U.S. House and U.S. Senate.

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WATCH: NNPA Publishers Pivot To Survive

7.2.25 via NBC 4 Washington

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7.2.25 via NBC 4 Washington

https://youtube.com/watch?v=9oZc5Sz0jQQ&feature=oembed

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Congressional Black Caucus Challenges Target on Diversity

BLACKPRESSUSA NEWSWIRE — we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted

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By Stacy M. Brown
Black Press USA Senior National Correspondent

Target is grappling with worsening financial and reputational fallout as the national selective buying and public education program launched by the Black Press of America and other national and local leaders continues to erode the retailer’s sales and foot traffic. But a recent meeting that the retailer intended to keep quiet between CEO Brian Cornell and members of the Congressional Black Caucus Diversity Task Force was publicly reported after the Black Press discovered the session, and the CBC later put Target on blast.

“The Congressional Black Caucus met with the leadership of the Target Corporation on Capitol Hill to directly address deep concerns about the impact of the company’s unconscionable decision to end a number of its diversity, equity, and inclusion efforts,” CBC Chair Yvette Clarke stated. “Like many of the coalition leaders and partner organizations that have chosen to boycott their stores across the country, we found that the explanations offered by the leadership of the Target Corporation fell woefully short of what our communities deserve and of the values of inclusion that Target once touted,” Congresswoman emphasized.  “Black consumers contribute overwhelmingly to our economy and the Target Corporation’s bottom line. Our communities deserve to shop at businesses that publicly share our values without sacrificing our dignity. It is no longer acceptable to deliver promises to our communities in private without also demonstrating those values publicly.”

Lauren Burke, Capitol Hill correspondent for Black Press of America, was present when Target CEO Cornell and a contingent of Target officials arrived at the U.S. Capitol last month. “It’s always helpful to have meetings like this and get some candid feedback and continue to evolve our thinking,” Cornell told Burke as he exited the meeting. And walked down a long hallway in the Cannon House Office Building. “We look forward to follow-up conversations,” he stated. When asked if the issue of the ongoing boycott was discussed, Cornell’s response was, “That was not a big area of focus — we’re focused on running a great business each and every day. Take care of our teams. Take care of the guests who shop with us and do the right things in our communities.”

A national public education campaign on Target, spearheaded by Dr. Benjamin F. Chavis Jr., president and CEO of the National Newspaper Publishers Association (NNPA), the NNPA’s board of directors, and with other national African American leaders, has combined consumer education efforts with a call for selective buying. The NNPA is a trade association that represents the more than 220 African American-owned newspapers and media companies known as the Black Press of America, the voice of 50 million African Americans across the nation. The coalition has requested that Target restore and expand its stated commitment to do business with local community-owned businesses inclusive of the Black Press of  America, and to significantly increase investment in Black-owned businesses and media, Historically Black Colleges and Universities (HBCU, Black-owned Banks, national Black Church denominations, and grassroots and local organizations committed to improving the quality of life of all Americans, and especially those from underserved communities. According to Target’s latest earnings report, net sales for the first quarter of 2025 fell 2.8 percent to $23.85 billion compared to the same period last year. Comparable store sales dropped 3.8 percent, and in-store foot traffic slid 5.7 percent.

Shares of Target have also struggled under the pressure. The company’s stock traded around $103.85 early Wednesday afternoon, down significantly from roughly $145 before the controversy escalated. Analysts note that Target has lost more than $12 billion in market value since the beginning of the year. “We will continue to inform and to mobilize Black consumers in every state in the United States,” Chavis said. “Target today has a profound opportunity to respond with respect and restorative commitment.”

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