Jordan government turns to Islamic banks for borrowing (for a bogus reason)
On March 9, 2010 · In Economic Crisis, Islamic Banking, Islamic Finance, Jordan, Sharia Compliant, Shariah Banking, Shariah Finance
Jordan continues to move more into the grasp of Shariah-Compliant Finance, this time evidenced by the Jordanian government’s borrowing of $100 million from Jordan Islamic Bank.
The country’s finance minister claims that they did this due to Shariah-Compliant finance’s performance during the world economic crisis.
He must not be paying close attention…