Keep up with the news by installing RT’s extension for . Never miss a story with this clean and simple app that delivers the latest headlines to you.

 

Egypt approves Islamic bonds seeking to revive troubled economy

11.04.2013 16:20

Cash-strapped Egypt might raise $15bn in a year after the country’s top religious authority approved Islamic bonds. The move has been opposed as contrary to Islamic law.

View full story

Comments (5) Sort by: Highest rating Oldest first Newest first

 

Paul Byatt 30.04.2014 11:24

Buying assets at low prices and selling them at higher prices is one way. That is not interest paid... that is earned return. Savings Bonds work this way. Buy today at price A and Sell later at price A++. Just don't call it interest. Using indexes like other DERIVATIVES may be the easiest way to do this.

Anonymous user 20.04.2013 14:56

Egyptians will be fooled once again by the bearded thieves. Some people never learn...

Anonymous user 12.04.2013 13:54

you couldent make this $hit up.....errrr well actualy they could.

 

duncan c lucas 11.04.2013 20:41

Muslim religious law states you cannot lend money with INTEREST.There are ways round it though.

Anonymous user 11.04.2013 18:11

There is nothing islamic about these bonds, but faces to dupe the people into a scheme that is shirk

Add comment

Authorization required for adding comments

Register or

Name

Password

Show password

Register

or Register

Request a new password

Send

or Register

To complete a registration check
your Email:

OK

or Register

A password has been sent to your email address

Edit profile

X

Name

New password

Retype new password

Current password

Save

Cancel

Follow us

Follow us