[bayouranger]

The koranimals call it sukuk.

Saudi Arabia likely to roll out sukuk in 2012
On December 28, 2011 · In Islamic Bonds, Saudi Arabia, Shariah Bonds, SUKUK

Sukuk issues among quasi-government companies in Saudi Arabia have become quite popular. This is leading to reasonable speculation that the kingdom itself will issue sovereign debt in the form of sukuk in 2012.

It is our opinion that the Sauds will not do this out of necessity; there is no reason for the Sauds to have to use debt instruments to fund their national operations because of their oil wealth. The Sauds will do this to set the example for other nations and to give them added credibility when the OIC (Organization for Islamic Cooperation) goes to nations such as South Africa, France, the UK, South Korea, the Philippines and others to suggest that they use the Shariah-compliant sukuk mechanism for their sovereign debt if they want access to that oil capital.

Watch this space…This will be the most common form of Islamic imperialism in the next five years.

http://www.zawya.com/story.cfm/sidZAWYA20111226042517/Is_Kingdom_heading_for_debut_sukuk_in_2012

[LucyT]

Why should my taxpayer dollars be used to advance sharia finance? Goldman Sachs, one of the largest recipients of 0hbama's redistribution of taxpayer money, is going izlamic. Many of 0hbama’s cabinet and appointed czars are directly connected to Goldman Sachs.

The muzlim brotherhood is dictating 0hbama's foreign policy, and now its financial policy as well.

[snip]

I do not want my money going to advance jihad and starve American business.

Where is the separation of mosque and state?

We need hearings on taxpayer dollars being used to fund izlamic finance (thereby funding jihad and prohibition on whole American business sectors).

. . . . Article, then check out "izlamic imperialism" comment at # 14 .

.