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Banking

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baggins
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Banking

Post by baggins on Sun Feb 27, 2011 11:54 am

I want to establish a new bank, but I am in a muslim country, the rules say I must state the percentage of a business invested required as collateral for any loan, anyone have any guidance on what percentage is sensible?
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the great unwashed
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Re: Banking

Post by the great unwashed on Mon Mar 07, 2011 9:46 pm

Sorry Bagins. I've never dabbled in this area. Your viziers might be able to prvide more insight.
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tek_604
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Re: Banking

Post by tek_604 on Tue Mar 08, 2011 6:39 am

Could run into problems regarding interest, which is forbidden under Islamic Law.

http://en.wikipedia.org/wiki/Islamic_banking

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