Article

2008-02-18 Britain

Britain plans to issue Shariah law-compliant bonds

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Posted by Fred 2008-02-18 00:00|| || Front Page|| [7 views ] Top
File under: Global Jihad

#1 Let's see. It's against Shariah to pay or collect interest. The interest paid on US Treasury bills notes is falling steadily as the Fed cuts interest rates. 2-year notes last week were paying 1.98% a year. When the rates get to 0% or less, they will be Shariah-compliant. Allah be praised!

Posted by Anguper Hupomosing9418 2008-02-18 03:34|| 2008-02-18 03:34|| Front Page Top

#2 Sounds like Britian is about to discover another variation of the "Sub-prime" lending fiasco, same disaster looming, different name.

Is there any requirement in Islam to actualy pay your dhimis back? Or just keep the "Loans" in the name of "Dhimi Tax"?

Posted by Redneck Jim 2008-02-18 11:54|| 2008-02-18 11:54|| Front Page Top

#3 'Issue' is one thing; having those called 'buyers' is something else altogether. I really don't expect any serious money fund managers to take any of this (in)action.

Posted by USN,Ret. 2008-02-18 13:34|| 2008-02-18 13:34|| Front Page Top

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