Egypt Salafis Lured as IMF Aid Beats AA Debt: Islamic Finance

An Egyptian professor of Islamic studies claims, it is allowed for Muslims to borrow non Shariah-compliant options, if there is an extreme need. However there are ultra-orthodox voices saying that such loans are violating Islam's beliefs. In their opinion Islamic countries should decry loans from International Monetary Fund and search other ways of covering debt.

See more under: http://www.bloomberg.com/news/2012-10-01/imf-aid-cheaper-than-aa-debt-wo...

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