{"id":6497,"date":"2013-04-20T17:36:32","date_gmt":"2013-04-20T15:36:32","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=6497"},"modified":"2013-04-20T19:28:47","modified_gmt":"2013-04-20T17:28:47","slug":"are-no-fixed-interest-rate-bonds-the-answer-in-egypt","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/are-no-fixed-interest-rate-bonds-the-answer-in-egypt\/","title":{"rendered":"Are No-Fixed-Interest Rate Bonds the Answer in Egypt?"},"content":{"rendered":"

Egypt\u2019s economy is sinking, and its government desperately needs finance. The Brothers are not only keen to show constituents that they are doing something to stem the slide, but that they are putting a more \u201cIslamic\u201d stamp on the country. Since last June, when Muhammad Morsi, the Brotherhood\u2019s candidate, won the presidential elections, they have touted the issue of\u00a0sukuk<\/em><\/a>, a form of bond that avoids paying fixed interest (which many interpretations of Islamic law forbid) by making its holder a theoretical partner in a specific undertaking, and therefore eligible for a fixed share of profits, as a\u00a0sharia<\/em>-compliant panacea \u00a0Article\u00a0 \"brotherhood\"<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s economy is sinking, and its government desperately needs finance. The Brothers are not only keen to show constituents that they are doing something to stem the slide, but that they are putting a more \u201cIslamic\u201d stamp on the country. … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-6497","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t