Back in August we reported that Egypt was contemplating taking out an IMF loan in an attempt to right the country’s shaky financial condition.

At the time we pointed out that a $4.8 billion loan from the IMF was not likely to be Shariah-compliant…

http://www.shariahfinancewatch.org/blog/2012/08/30/between-a-rock-and-a-hard-place-egyptian-muslim-brotherhood-struggles-with-idea-of-imf-loan/

Well, here we are over 4 months later and the Egyptians are still trying to work out a deal for that same $4.8 billion IMF loan…

http://www.reuters.com/article/2013/01/05/us-imf-egypt-idUSBRE9040A920130105

 

 

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