Quote:
Originally Posted by HockeyIlliterate
True...I wrote my thought incorrectly.
But if Islamic law forbids the charging of interest (and thus, presumably the paying of interest as well), I'm curious how the Saudi debt going to be structured and if it will be competitive with other government bonds.
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I think that's a pretty bold assumption.
Besides, there are plenty of ways around it, always has been. If there wasn't there wouldn't be a banking industry in Saudi Arabia, among other countries.
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