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Old 09-12-2017, 04:01 PM   #33
Anthony
 
Join Date: Feb 2005
Location: Berkeley, CA
Default Re: [Spaceships] Islamic Banking and Financing Spaceships Purchases

Quote:
Originally Posted by cptbutton View Post
Or does Qumel need to save up 1,200,000 plutons from their 90% and then pay it too HEBaG to be free and clear? On top of the 10% share they have been paying?
If the bank is a silent partner, that 10% means that the bank owns 10% of the ship, and therefore gets 10% of the profits, until they sell the 10% share. It's possible that the contract with the bank permits Qumel to buy that 10% share back at some later point at a fixed value, in which case, when the appropriate time arrives, they have the option of buying their share back (and most likely, this price has nothing to do with what profit you've made in the interim).
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