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.
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 ?
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.