09-12-2017, 03:40 PM | #12 | |
Join Date: Jul 2007
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Re: [Spaceships] Islamic Banking and Financing Spaceships Purchases
Quote:
Or do you mean the borrower saves up enough to pay back the original loan plus some additional amount, however determined? Honest Eneri's Bank and Grill loans Qumel 1,000,000 plutons to buy a merchant starship. In return HEBaG gets 10% of the profit. Lets say the adjustment is 200,000 plutons. Does Qumel own the ship free and clear once they have made 12 million plutons and paid a cumulative 1,200,000 plutons to HEBaG? 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?
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financing, islamic banking, spaceships, usury |
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