Investment vehicles that adhere to sharia, or Islamic law, have been
largely unscathed by much of the global credit crunch, thanks to
religious beliefs stipulating that money lent must be backed by
collateral. This simple rule curbed Islamic financial units from buying
collateralized debt obligations, the repackaged investments of
securities now known largely as “toxic debt.”
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Saeed Malekpour: Prisoner of the day | Lawyer says death sentence suspended | Dec 03 |
Majid Tavakoli: Prisoner of the day | Iterview with mother | Dec 02 |
احسان نراقی: جامعه شناس و نویسنده ۱۳۰۵-۱۳۹۱ | Dec 02 | |
Nasrin Sotoudeh: Prisoner of the day | 46 days on hunger strike | Dec 01 |
Nasrin Sotoudeh: Graffiti | In Barcelona | Nov 30 |
گوهر عشقی: مادر ستار بهشتی | Nov 30 | |
Abdollah Momeni: Prisoner of the day | Activist denied leave and family visits for 1.5 years | Nov 30 |
محمد کلالی: یکی از حمله کنندگان به سفارت ایران در برلین | Nov 29 | |
Habibollah Golparipour: Prisoner of the day | Kurdish Activist on Death Row | Nov 28 |
Obviously that does not
by What (not verified) on Tue Dec 02, 2008 11:58 AM PSTObviously that does not apply to most banks in the Islamic Republic of Iran.
Pasargad bank and some other banks are paying over 19% interest rate on certificate of deposits. The IRI banks have always charged interest when lending their borrowers. Where have you been?
You, lady, need to educate yourself.
???
by I wonder (not verified) on Tue Dec 02, 2008 10:42 AM PSTThen why Parsian bank in the Islamic Republic of Iran, the cradle of Islamic civilization (lol!), is paying up to 19 percent interest over savings?