> even so, zero interest bonds would qualify. in fact, the whole idea
> of a discount rate --
> charging no interest but discounting the original loan -- came about
> as a rouse to avoid
> the strictures of the Catholic church.
>
>
Interest, et al is a pretty touchy subject in the muslim world. That's one old testament-y thing the fundamentalists have really stuck to(and the jews didn't). I've read [adbusters somewhere] that the work around for interest on loans for housing is simply adding the interest into the price of the house. It annoys some elements of the muslim faith.
I think (nah... I know) the Shari'ah moderate muslims speak of, and the fundamentalist type, are quite different from each other.
Is the Malaysian end of the operation going to be built in a fortified bunker? IMHO, it would be a reasonably good idea.
Leigh http://www.leighm.net
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