Golden Market

Penerangan tentang Golden Market

It is both a center for trading and buying gold, and location for foreign exchange. The Market lies along the southern edge of the Great Mosque of Gaza, beside the main Omar Mukhtar Street. The Market is configured with a pointed and vaulted roof above the central road, which is lined on both sides by small shops that are themselves roofed by the cross vaults of the covered central road.
In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc.
The recipient (i.e. the borrower) incurs a debt, and is usually liable to pay interest on that debt until it is repaid, and also to repay the principal amount borrowed.
The document evidencing the debt, e.g. a promissory note, will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower.
The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice any material object might be lent.
The Gold Market
is a narrow covered passageway located in the old quarter of Gaza
Gazan judge Sheikh Shams ad-Din al-Himsi ordered the construction of the Gold Market in 1476 CE, under Mamluk rule in Palestine. The Market originally formed a part of a much larger covered market, but most of the area was destroyed by the British Army during World War I.
Throughout most of the 20th and 21st centuries, the market was visited mostly by men and women engaged to be married, to pick out gold jewellery, and by mothers-in-law to purchase gifts for their daughters-in-law.
However, because of food shortages arising in Gaza from the Israeli blockade of the Gaza Strip, the Gold Market presently is used chiefly by elderly Gazans selling family heirlooms to raise cash.