Financing the Ground Zero Mosque-Swimming Pool

http://www.futureofcapitalism.com/2010/08/financing-the-ground-zero-mosque-swimming-pool

A piece in the American Thinker wonders how tax-exempt bond financing for the ground zero mosque-swimming pool is going to be squared with the Islamic legal prohibition against interest. There are ways around it. Maybe a tax-exempt municipal Islamic bond?

Even so, it's got to be galling for those people out there trying to raise or borrow money without being able to offer tax-exempt interest to see a collection of characters like those putting together the ground zero mosque-swimming pool considered for tax-free financing.

Thanks to reader-participant-community member-watchdog-content co-creator E. for sending the tip.

by Editor  |  Aug 31, 2010 at 10:43 am Related Topics:  New York, Non-Profits, Religion receive the latest by email: subscribe to the free futureofcapitalism.com mailing list