Islamics Buying Up London - Sharia Law.
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Re: Islamics Buying Up London - Sharia Law.
to finance an Islamic bond scheme in 2014.
and all that means is because it's an scheme run by and Islamic company they are not allowed to charge interest - doh, doh, doh.
George Osborne announced the move in June 2014 as part of an effort to make the UK a global hub for Islamic finance.
But critics said the scheme would waste money and could undermine Britain's financial and legal systems by imposing Sharia law onto government premises.
The bonds – known as Sukuk – are only available for purchase by Islamic investors, meaning the five government buildings switched their ownership from British taxpayers to wealthy Middle Eastern businessmen and banks.
The money raised will be repayable from 2019. But instead of interest, bond-buyers will earn rental income from the Government offices because interest payments are banned in Sharia law.
The Treasury agreed to make the Sukuk fully compliant with Sharia law to ensure investors were not put off investing in the scheme, meaning each of the buildings used to finance the products must meet the terms of Sharia law, including the ban on alcohol.
Read more: http://www.dailymail.co.uk/news/article-3473543/The-building-used-house-members-Royal-Family-Sea-Lords-Admiralty-House-governed-SHARIA-LAW.html#ixzz41rX9k4GF
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Re: Islamics Buying Up London - Sharia Law.
creeping Islamification....with the connivance and blessing of our dear leaders
Victorismyhero- INTERNAL SECURITY DIRECTOR
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Join date : 2015-11-06
Re: Islamics Buying Up London - Sharia Law.
wonder what his "reward" is to be....
Victorismyhero- INTERNAL SECURITY DIRECTOR
- Posts : 11441
Join date : 2015-11-06
Re: Islamics Buying Up London - Sharia Law.
Lord Foul wrote:creeping Islamification....with the connivance and blessing of our dear leaders
Dont be too hasty, they are starting to get in the shit with money over there
http://www.independent.co.uk/news/business/news/saudi-arabia-10bn-international-borrwing-loans-banks-oil-price-a6909496.html
We could get these properties all back for less again
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