tag:blogger.com,1999:blog-5524682876220396502.post6171642908393363547..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: UK Sharia Bonds - ?Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5524682876220396502.post-76404655360397681932013-11-02T11:38:35.767+00:002013-11-02T11:38:35.767+00:00Up to now I had misunderstood the law relating to ...Up to now I had misunderstood the law relating to usury in France. Apparently it was not illegal to charge interest on loans before 1789, the rate was merely limited, to between 2 and 5 per cent in the early 1700s according to Adam Smith:<br /><br />http://www.marxists.org/reference/archive/smith-adam/works/wealth-of-nations/book01/ch09.htm<br /><br />and it seems that at least in 2002, French law continued to place limits on interest rates, that it was claimed, were stifling the bond market:<br /><br />http://corporate.findlaw.com/finance/conflict-of-laws-in-international-loans-to-french-corporations.html<br /><br />I'd be interested to learn what the ancient laws and customs in Judaism and Islam were, on this subject.Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.com