Sharia-compliant Islamic bonds. The means compliant not just with Sharia’s rejection of interest, but with its denial of the freedom of speech, the freedom of conscience, and the equality of rights of women and non-Muslims. So the posters above can kick off the ad campaign. “Indonesia to Sell Seven-Year Global Islamic Bonds Today,” by Elffie Chew for Bloomberg, November 14:
Nov. 14 (Bloomberg) — Indonesia plans to sell seven-year Shariah-compliant bonds today, helping the nation revive Islamic debt sales amid the slowest half in three years….
Indonesia’s sales of sukuk, which pay returns on assets to comply with Islam’s ban on interest, dropped this half to the least since 970 billion rupiah in the first six months of 2008, according data compiled by Bloomberg. Global offerings reached $19.6 billion this year, up from $14.3 billion in the same period of 2010, the data show. Average yields on the debt dropped 94 basis points in 2011 to 3.80 percent on Nov. 11, according to the HSBC/NASDAQ Dubai US Dollar Sukuk Index….