tag:blogger.com,1999:blog-2611021408437270881.post2233880613561777374..comments2024-03-18T23:59:39.885-07:00Comments on Skeptical CPA: Stuck With SukuksIndependent Accountanthttp://www.blogger.com/profile/07800220849565219709noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2611021408437270881.post-65287601223021411942009-12-27T17:08:19.668-08:002009-12-27T17:08:19.668-08:00Dallas CPA:
What do you mean by resolved? Someone...Dallas CPA:<br />What do you mean by resolved? Someone will lose billions here. Who does not appear to be determined yet.<br /><br />IAIndependent Accountanthttps://www.blogger.com/profile/07800220849565219709noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-57862549628596850672009-12-27T16:35:15.157-08:002009-12-27T16:35:15.157-08:00I like this blog and will be following it. This s...I like this blog and will be following it. This story about" Dubai" being in trouble came to light like almost 3 weeks ago, but only have not heard much on it anymore. The last I heard was some neighbors were bailing them out. Is this crisis resolved?Dallas CPAhttp://www.gurianco.comnoreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-87279654958271838642009-12-26T17:03:53.594-08:002009-12-26T17:03:53.594-08:00The problem is that Islamic law encourages contort...The problem is that Islamic law encourages contorted work-arounds to what should be routine financial transactions. <br /><br />Islam prohibits riba, or interest, on loans. That prohibition ignores the fundamental reality of the time value of money.<br /><br />The result of no interest? Complicated sukuk bonds, whacked out "takaful" insurance, and an opaque hawala money transfer system that helps cover the tracks of terrorists (like the Mumbai attackers)...<br /><br />Sharia finance is the ORIGINAL vampire squid.American Delighthttp://moneyjihad.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-2611021408437270881.post-38969828082047299302009-12-25T19:08:31.660-08:002009-12-25T19:08:31.660-08:00Ha... I've seen some of the financial reportin...Ha... I've seen some of the financial reporting from Dubai... all these sweaty palmed junior staffers of the creditor banks tasked by London to "follow" the workout...<br /><br />They must look like a flock of vultures hanging around Dubai... debt jackals...<br /><br />You wrote Saudi justice for the investment bankers, lawyers and CPAs who crafted these deals... <br /><br />Yes... time to line them up and question why they brought such polluted methods into Shariah finance.<br /><br />Interesting idea to fund them with a tax.Anonymousnoreply@blogger.com