Dubai Crisis Tests Laws of Islamic Financing

#Money

Wed, Dec 2nd, 2009 09:36 by capnasty NEWS

Shariah-compliant investments prohibit lenders from earning interest, and effectively place lenders and borrowers into a form of partnership. Yet there are no consistent rules about who gets repaid first if a company defaults on such debt, said Zaher Barakat, a professor of Islamic finance at Cass Business School in London.

  854

 

You may also be interested in:

Income Inequality Seen From Space
Rich Countries Have Clean Money
The Rapidly-Growing Student-Led Divestment Movement
''People normally have only a certain amount of 'debt capacity'.''
IMF Considering Including Canadian Dollar in its Official Currency Reserves