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?
3 posters
Banking
baggins- Viscount
- Number of posts : 144
Age : 49
Location : london
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Registration date : 2010-09-04
- Post n°1
Banking
the great unwashed- Viscount
- Number of posts : 176
Age : 64
Location : bristol (uk)
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Registration date : 2010-08-15
- Post n°2
Re: Banking
Sorry Bagins. I've never dabbled in this area. Your viziers might be able to prvide more insight.
tek_604- Baron
- Number of posts : 127
Age : 50
Location : Bad Gandersheim, Germany
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Registration date : 2008-10-26
- Post n°3
Re: Banking
Could run into problems regarding interest, which is forbidden under Islamic Law.
http://en.wikipedia.org/wiki/Islamic_banking
http://en.wikipedia.org/wiki/Islamic_banking
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