Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: aimhigh

But but I thought for Muslims interest is forbidden....


16 posted on 07/21/2015 6:28:18 AM PDT by C19fan
[ Post Reply | Private Reply | To 1 | View Replies ]


To: C19fan

Zero-coupon bonds: Sell at a discount to face-value, then redeem at face value on maturity?

No advertised interest rate, but the price-differential-v-time-curve causes an effective annual yield anyway...

(I think it would be one way to fulfil Islamic banking precepts...)


17 posted on 07/21/2015 7:07:05 AM PDT by __rvx86 (The time for civility among conservatives is long over. We must fight the Left on their level.)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson