Something struck me in the above Times report
"... others who chose not to convert loans into donations, including Rod Aldridge, the former head of Capita, and Richard Caring, the owner of The Ivy restaurant, are still owed money. "I thought that in order for these sums to be categorised as loans they had to be for a defined period and at a commercial rate of interest; am I wrong?
2 comments:
I'm not sure about the rate of interest, (I suspect that it would have to be at least the rate of inflation to prevent it gradually becoming a gift), but it would need to be for a defined period.
However, there is nothing to prevent various renegotiations of the repayment timescale.
Why do you think they are so keen to introduce 'shariah-style' banking?
It's not just the Islamists so-called faith that is so highly prized by ZaNuLiebour, but also the money that might flow their way.
Then, of course, one day, the 'religion of peace' will start to put up its own candidates and ZNL with be left with only its client state of slackers, ne'er-do-wells and neets.
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