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A comment on Saudi Money Fuels the Tech Industry. It’s Time to Ask Why. Parent comment

Re:Saudi Money Fuels the Tech Industry. It’s Time to Ask Why by daniel-cussen on Tuesday November 07, 2017 @03:21AM (#15641754)
Makes perfect sense to me too.

Islam forbids them from charging compound interest, but allows them to seek riches in the shared profits of successful ventures.

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Re:Saudi Money Fuels the Tech Industry. It’s Time to Ask Why by lostboys67 on Tuesday November 07, 2017 @03:53AM (#15641873)
Its interest at all which is banned, which is why there are Sharia compliant bank accounts and investments.
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Re:Saudi Money Fuels the Tech Industry. It’s Time to Ask Why by daniel-cussen on Tuesday November 07, 2017 @04:13AM (#15641933)
No, they allow interest for inflation. A Muslim may ask for interest provided the end result is the same amount of specie, no matter how it's cast.
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Re:Saudi Money Fuels the Tech Industry. It’s Time to Ask Why by lostboys67 on Tuesday November 07, 2017 @04:28AM (#15641998)
That's interesting I sit corrected but who decides what to use as the inflation measure ?
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Re:Saudi Money Fuels the Tech Industry. It’s Time to Ask Why by daniel-cussen on Tuesday November 07, 2017 @05:11AM (#15642154)
Same amount of specie, same amount gold or other precious metal.
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