30.11.2009 - Dubai debt - Accounting, economics, Islamic banking and the rules of finance
From Glgroup.com: The Middle Eastern countries and Islam do not believe in interest -money is not an asset and cannot have a cost (interest). It can only be traded in relation to some commodity. The present crisis has shown that if a cost is not attributed to money then the result is a crisis. In this analysis I look at the effects of the Dubai debt crisis in relation to accounting rules................................Full Article: Source
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