Flying-Tiger From Germany, joined Aug 1999, 3969 posts, RR: 41 Posted (2 years 1 week 6 days 4 hours ago) and read 1241 times:
Seems that Airbus is laying the foundation for further deals in the Middle East / Islamic World (i.e. Northern Africa, Indonesia or Pakistan):
Quote: Kuwait's Islamic firm Investment Dar is in advanced talks with European plane maker Airbus to set up a joint venture to finance aircraft purchases, a newspaper said on Saturday.
Quote: Investment Dar would own 30 %, while Airbus would get 20 % of the new firm, the paper said.
The details of the deal would be announced next month, it said. The joint venture's business would be financing aircraft deals for governments or airlines compliant with Islamic law.
KC135TopBoom From United States, joined Jan 2005, 6120 posts, RR: 44 Reply 1, posted (2 years 1 week 6 days 1 hour ago) and read 1105 times:
Is Airbus going to have a similar deal with the Vatican?
This really does not make any good business sense. What is the difference between an "Islamic law complient" airplane, and any other airplane Airbus builds?
Breiz From France, joined Mar 2005, 1304 posts, RR: 2 Reply 2, posted (2 years 1 week 6 days 1 hour ago) and read 1092 times:
Quoting KC135TopBoom (Reply 1): This really does not make any good business sense. What is the difference between an "Islamic law complient" airplane, and any other airplane Airbus builds?
Poitin From , joined Dec 1969, posts, RR: Reply 3, posted (2 years 1 week 6 days 1 hour ago) and read 1092 times:
Quoting KC135TopBoom (Reply 1): Is Airbus going to have a similar deal with the Vatican?
This really does not make any good business sense. What is the difference between an "Islamic law complient" airplane, and any other airplane Airbus builds?
Under Islamic law, you can not charge interest for money loaned. Boeing should do the same thing.
AirNZ From United Kingdom (Northern Ireland), joined Feb 2005, 2426 posts, RR: 7 Reply 4, posted (2 years 1 week 6 days 1 hour ago) and read 1064 times:
Quoting KC135TopBoom (Reply 1): Is Airbus going to have a similar deal with the Vatican?
Poitin From , joined Dec 1969, posts, RR: Reply 5, posted (2 years 1 week 6 days 1 hour ago) and read 1052 times:
Quoting Breiz (Reply 2): This really does not make any good business sense. What is the difference between an "Islamic law complient" airplane, and any other airplane Airbus builds?
Breiz From France, joined Mar 2005, 1304 posts, RR: 2 Reply 6, posted (2 years 1 week 6 days 1 hour ago) and read 1021 times:
Quoting KC135TopBoom (Reply 1): Is Airbus going to have a similar deal with the Vatican?
Historically and theologically speaking, Airbus should.
Similarly to the Islamic religion, and before it, the Catholic church originally forbid true believers to practice usury. That is why the main bankers of the time were Jewish people and later Protestants. http://en.wikipedia.org/wiki/Usury
Zeke From Hong Kong SAR, PRC, joined Dec 2006, 4359 posts, RR: 60 Reply 8, posted (2 years 1 week 6 days ago) and read 911 times:
Quoting Poitin (Reply 3):
Under Islamic law, you can not charge interest for money loaned. Boeing should do the same thing.
They already do, AFAIK EK & PK to name a few have their 777s partially funded through Islamic funding with the US government export import bank (EXIM) underwriting the guarantee.
Cathay Pacific wins �Airline of the Year 2009� Award. Great service. Great people. Great fares.
Ikramerica From United States, joined May 2005, 17705 posts, RR: 58 Reply 9, posted (2 years 1 week 5 days 23 hours ago) and read 804 times:
Quoting DEVILFISH (Reply 7): Hasn't it been (of late) refined to mean "usurious" (i.e., excessive) rates of interest?
No, from how I understand it, you don't charge interest, but you either provide less money than the contracted payback amount or you charge a fee for providing "free" money, among other structures. It's a trick to get around the idea that nobody is supposed to profit from lending money.
Of all the things to worry about... the Wookie has no pants.
Sponsor Message: 
From Germany, joined Aug 1999, 3969 posts, 
From United States, joined Jan 2005, 6120 posts, 
From France, joined Mar 2005, 1304 posts, 
From , joined Dec 1969, posts, .gif){kind=small}
From United Kingdom (Northern Ireland), joined Feb 2005, 2426 posts, 
An excellent explanation!
From Philippines, joined Jan 2006, 3045 posts, 
From Hong Kong SAR, PRC, joined Dec 2006, 4359 posts, 
Printer friendly format 
