3 ms·
Are they condemning sukuk? I thought sukuk was an attempt to reconcile the desirable qualities of a loan with Islamic jurisprudence surrounding finance? So unl
by ahepp 6y ago
Are they condemning sukuk? I thought sukuk was an attempt to reconcile the desirable qualities of a loan with Islamic jurisprudence surrounding finance?
So unless the commenter thought sukuk was illegitimate (I haven't seen them state this, maybe they have), wouldn't it be reasonable assume they consider sukuk acceptable?
Perhaps obviously, I'm only vaguely aware of Islamic finance, so I may be missing something basic.
*EDIT*:
I've just seen the comments where they appear to be condemning sukuk, or at least common implementations.
But it seems like their point is that they think it's simply slapping a different label on lending, which I'm inclined to agree with (especially if there are repurchase agreements and guaranteed returns).