Category: Islamic finance

Month in Review, December, 2015: Part 2, Housing-fueled disturbance abroad

12 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News |

By: David A. Smith [Continued from yesterday’s Part 1.] As shown in yesterday’s first half of the month-in-review, though housing is seldom the flashpoint for urban unrest, it is the source of urban pressure, for it is pervasive, and a failing housing ecosystem simmers and bubbles frustration that touches every household.  Extended failure to solve […]

Month in Review, December, 2015: Part 1, Housing-fueled disturbance at home

11 January, 2016 (10:00) | Cities, Eminent domain, Global news, Government, Homeownership, Housing, Islamic finance, Land, Month in review, Municipal bankruptcy, Municipal finance, Pagedale, Real estate taxes, Saudi Arabia, sharia, Speculation, Taxation, US News | 1 comment

By: David A. Smith Pagedale, Missouri, and Riyadh, Saudi Arabia may seem unlikely peers, but aside from dividing up my entire December’s posts (a whopping 15 parts for Pagedale, a mere 8 for Saudi Arabia), the two stories dove to the depths they did because they both demonstrate, in different ways, just how hard is […]

A suk-er born every minute?

11 May, 2010 (11:02) | Bankruptcy, Capital markets, Dubai, Global news, Islamic finance, Speculation |

By: David A. Smith   Sharia-compliant finance is not broken, but it is dented, says the Economist, in this interesting little expose of the cracks in jurisprudence that arise when a new capital form is put to the test.   Nothing to worry about … is it?   There was a time when proponents of […]

Dubai World: flinching or maturing?

15 December, 2009 (10:10) | Bankruptcy, Dubai, Global news, Islamic finance, Recapitalization, Speculation |

By: David A. Smith   Perhaps motivated by AHI’s thorough five-part post demonstrating its serious repercussions, the government of Abu Dhabi announced on Monday that it would be injecting $10 billion into Dubai to fund Dubai World’s upcoming sukuk (Islamic bond) payment and to provide working capital for Dubai World through next April.  In doing […]

Sovereign bankruptcy: Part 5, whither Islamic finance?

11 December, 2009 (10:50) | Dubai, Global news, Islamic finance, Speculation |

 By: David A. Smith   [Continued from yesterday’s Part 4 and the preceding Part 1, Part 2, and Part 3.]   This multi-part post covers the upcoming sovereign bankruptcy of Dubai World, a shock of the first magnitude whose consequences that will reverberate for years if not decades.   Part 1 deals with the Dubai double […]