Flying-Tiger From Germany, joined Aug 1999, 3979 posts, RR: 45 Posted (2 years 5 months 2 weeks 2 days 7 hours ago) and read 1302 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, 7610 posts, RR: 51 Reply 1, posted (2 years 5 months 2 weeks 2 days 4 hours ago) and read 1166 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, 1387 posts, RR: 3 Reply 2, posted (2 years 5 months 2 weeks 2 days 4 hours ago) and read 1153 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 5 months 2 weeks 2 days 4 hours ago) and read 1153 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, 3103 posts, RR: 13 Reply 4, posted (2 years 5 months 2 weeks 2 days 3 hours ago) and read 1125 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 5 months 2 weeks 2 days 3 hours ago) and read 1113 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, 1387 posts, RR: 3 Reply 6, posted (2 years 5 months 2 weeks 2 days 3 hours ago) and read 1082 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, 4793 posts, RR: 65 Reply 8, posted (2 years 5 months 2 weeks 2 days 2 hours ago) and read 972 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, 18451 posts, RR: 60 Reply 9, posted (2 years 5 months 2 weeks 2 days 1 hour ago) and read 865 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.
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From Germany, joined Aug 1999, 3979 posts, 
From United States, joined Jan 2005, 7610 posts, 
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From , joined Dec 1969, posts, .gif){kind=small}
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An excellent explanation!
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