oh dear: Government may issue sharia bonds, says Balls

[Sysman]

For once I agree with you Snaw.

BUT..... (back in my rage against Islam idium) this just goes to show how false many practitioners of Islam are.
The Koran and hadith dont actualy ban interest or profit. What they ban is usuary (spelling?) which is excessive interest and profit.
What the Sharia banks are doing is using weasel words and arrangements to get round the word of the Prophet, something specifically banned by the Koran and Hadith, so that they can make a bigger profit (usuary).

Why should we as non Muslims respect Islam when Muslims do all they can to work around it?

BTW. I bet if Sharia compliant loans work out realy cheap that non Muslims will not be allowed them.

Spot on.

PS The spelling is usury.

[zathras]

Well I suppose that is one way of reducing government borrow. Borrow money on zero interest.