This Post Really Suk-kuks: Examining Islamic Finance
Posted May 11, 2008 - 14:04 by Jabulani Leffall
There is a burgeoning form of Islamic fundamentalism and it has nothing to do with hate speech or bombs -- Shariah-compliant financing. These loans, based on the premise that there is no production value in credit and that loan issuance must be based on tangilbe assets and require tight debt levels, are not only growing exponentially in use but are available to non-Muslims and well, kind of make sense in some cases.
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