Tag Archives: debt
Repaying a loan in a different currency
A questioner asks: I purchased something for someone in US dollars equaling 6k in Airline tickets. Now he wants to pay me back, but we live in the Emirates and he can only pay in UAE dirhams. Can I take dirhams as payment? What if he pays me off in installments? Answer: In the name […]
Sukuk: Too many moving parts?
Having done research on the structuring of Sukuk, I’ve been thinking lately on the ability of a Sukuk market to actually flourish. What incentives does any Sukuk issuer have to assure the success of their Sukuk? With exception of one type of obligation underlying the Sukuk (that being debt from murabaha), there can be no […]