In the civilized world, this would be referred to as a “default.” But in the world of Shariah, it’s simply called a “standstill.”

Creditors have little choice but to go along with the swindle that Dubai has perpetrated on them. Sooner or later, maybe Western financiers will discover that all of the added but often hidden fees and costs associated with sukuk (Islamic bonds) make them a bad deal…

http://www.reuters.com/article/idUSLDE60A1KK20100111?type=marketsNews

 

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