• <nav id="c8c2c"></nav>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
        <tr id="c8c2c"></tr>
      • a级毛片av无码,久久精品人人爽人人爽,国产r级在线播放,国产在线高清一区二区

        您現(xiàn)在的位置: Language Tips> Audio & Video> Special Speed News  
           
         





         
        How Islamic finance works
        [ 2009-12-11 13:05 ]

         

        This is the VOA Special English Economics Report.

        Dubai's recent debt problems have brought attention to the growth of Islamic finance. A government-owned group of companies, Dubai World, has been seeking to restructure 26 billion dollars of debt. About six billion of it is in Islamic bonds, including a three and a half billion dollar bond set for repayment on Monday.

        How Islamic finance works

        The biggest difference between Western and Islamic finance involves beliefs about charging interest on borrowed money. In Islam, the basic idea is that you should not make money from money itself.

        Instead of interest, lenders charge fees. Ghiyath Nakshbendi at American University in Washington is an expert on Islamic financing.

        GHIYATH NAKSHBENDI: "The bank will estimate its costs based on its fixed costs, variable costs, the cost of their employees, the rent and so on and so forth. And on that basis they will estimate how much they are going to charge."

        But he points out that this system can make Islamic financing costly. The costs of the system are shared by the borrowers. The fewer the borrowers, the more each has to pay.

        In many cases, Islamic financing requires the lender and borrower to share profits and losses. Ghiyath Nakshbendi explains what that means with Islamic bonds, called sukuk.

        GHIYATH NAKSHBENDI: "When we talk about sukuk, we don't guarantee a certain return."

        He says the bondholders are buying a share of a business or property. If business is good, then they could get back more than they expected. But if it fails, then there is no guarantee of repayment. Islamic bonds can be structured in different ways, but a major idea is shared profit and loss.

        Professor Nakshbendi says Islamic lending practices are also supposed to be socially responsible.

        In world banking, the total share of Islamic finance is less than one percent. But it is growing at a rate of 15 to 20 percent a year. There is growing interest in Islamic banking in the West. London is becoming a center of Islamic finance. And France recently proposed changes in finance laws to protect Islamic bondholders.

        Estimates differ, but as much as one and a half trillion dollars may be managed under Islamic rules.

        Last year, the International Monetary Fund studied the financial security of Islamic banks. It found that their lack of complex products like futures and derivatives limits the ability to spread risk.

        Professor Nakshbendi notes that Islamic finance does not appeal only to Muslims.

        GHIYATH NAKSHENDI: "Recently, for example, in Malaysia, the majority of customers in Islamic banks are non-Muslims."

        And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

        Related stories:

        Dubai feels the financial pain

        Global markets edge higher as Dubai's debt woes ease

        溫商重金買下迪拜“上海島”

        Dubai to build world's tallest hotel

        (來(lái)源:VOA 編輯:陳丹妮)

         

         

        中國(guó)日?qǐng)?bào)網(wǎng)英語(yǔ)點(diǎn)津版權(quán)說(shuō)明:凡注明來(lái)源為“中國(guó)日?qǐng)?bào)網(wǎng)英語(yǔ)點(diǎn)津:XXX(署名)”的原創(chuàng)作品,除與中國(guó)日?qǐng)?bào)網(wǎng)簽署英語(yǔ)點(diǎn)津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請(qǐng)與010-84883631聯(lián)系;凡本網(wǎng)注明“來(lái)源:XXX(非英語(yǔ)點(diǎn)津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請(qǐng)與稿件來(lái)源方聯(lián)系,如產(chǎn)生任何問(wèn)題與本網(wǎng)無(wú)關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請(qǐng)?zhí)峁┌鏅?quán)證明,以便盡快刪除。
        相關(guān)文章 Related Story
         
         
         
        本頻道最新推薦
         
        什么是BT?
        奧巴馬夫婦接受奧普拉采訪 互比圣誕禮物
        Knowing 《先知》精講之一
        Moonlight Shadow
        試映 test screening
        翻吧推薦
         
        論壇熱貼
         
        萬(wàn)圣節(jié)問(wèn)題火熱征集!
        翻譯達(dá)人評(píng)選,快來(lái)投票!
        經(jīng)典英語(yǔ)口語(yǔ),不得不看(推薦)
        I chocolate you!怎么翻譯?
        請(qǐng)教obama演講里的一句話
         

         

        a级毛片av无码
        • <nav id="c8c2c"></nav>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
            <tr id="c8c2c"></tr>