Islamic bonds

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Revision as of 18:57, 30 December 2008 by SarahRudolph (talk | contribs) (New page: {{helpAddContent}} Islamic bonds, or sukuk, conform to Shariah law, which requires that investors profit only from transactions based on the exchange of assets, not money alone; therefor...)
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Islamic bonds, or sukuk, conform to Shariah law, which requires that investors profit only from transactions based on the exchange of assets, not money alone; therefore, interest is banned.

Bankers sell Islamic bonds, or sukuk, by using property and other assets to generate income equivalent to interest they would pay on conventional debt. The money cannot be used to finance gambling, guns or alcohol.


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