Banjo Mar 29, 2009 #1 http://www.bloomberg.com/apps/news?pid=20601110&sid=aSk3ksG_rPN0 I don't understand Islamic banking. Does anybody know how this bond biz works?
http://www.bloomberg.com/apps/news?pid=20601110&sid=aSk3ksG_rPN0 I don't understand Islamic banking. Does anybody know how this bond biz works?
K KrispyKreme50 Mar 29, 2009 #2 Somebody correct me if I'm wrong, but the interest is built into the final price like a zero coupon bond. So for example, a $100 bond maturing in 1 year and yielding 5% would sell for $95.23.
Somebody correct me if I'm wrong, but the interest is built into the final price like a zero coupon bond. So for example, a $100 bond maturing in 1 year and yielding 5% would sell for $95.23.
A ASusilovic Mar 30, 2009 #3 Quote from Banjo: http://www.bloomberg.com/apps/news?pid=20601110&sid=aSk3ksG_rPN0 I don't understand Islamic banking. Does anybody know how this bond biz works? More... http://www.financeinislam.com/article/8/1/546
Quote from Banjo: http://www.bloomberg.com/apps/news?pid=20601110&sid=aSk3ksG_rPN0 I don't understand Islamic banking. Does anybody know how this bond biz works? More... http://www.financeinislam.com/article/8/1/546
