What would be the endgame of this? Is this going to be allowed to be transferred across the Iraq/Turkey border into Syria or is this just posturing? Are Iranian missiles able to reach Israel from within their borders?
its
joined 3 years ago
Bonds in Islamic countries are called Sukuk, instead of interest they transfer ownership of a real asset that provides income or is temporarily leased with rent payments to the holder of the Sukuk instead. The end result is the same as a bond and they function basically like an asset backed loan. Murabaha is basically just a fee charged for the service of having a purchase made in your name, rather than interest. This seems like Russia is trying to increase their ability to lend and borrow from majority Muslim countries, a precursor to further financial ties in the Middle East most likely.
i saw one of those cringe crusader frog meme shirts in public recently, i don't know how you can wear that and not die of embarrassment