[AnthonyKing]

Egyptian president Mursi's financial minister recently stated that Egypt is in the process of finalizing the receipt of a loan from the IMF, to be signed by the end of 2012.

Such a loan has several conditions of which have not been publicly reported, but are sure to include interest/riba`, but also various austerity measures consistent with liberalist economic theories: privatization of state runned industries, deregulation to allow for more foreign investment and uniformity with the global economy.

Should Egypt accept such a loan eventhough Mursi has not issued ANY structural or fundamental policy changes for the Egyptian economy?

[nintenda]

Egyptian president Mursi's financial minister recently stated that Egypt is in the process of finalizing the receipt of a loan from the IMF, to be signed by the end of 2012.

Such a loan has several conditions of which have not been publicly reported, but are sure to include interest/riba`, but also various austerity measures consistent with liberalist economic theories: privatization of state runned industries, deregulation to allow for more foreign investment and uniformity with the global economy.

Should Egypt accept such a loan eventhough Mursi has not issued ANY structural or fundamental policy changes for the Egyptian economy?

wonderful, egypt's islamic government is seeking war with allah and his rasool (saws). just splendid!

[JimmyHas]

Once you are in, it is very difficult to get out. There has to be a clean break...a refusal to honour old debts and a complete re-shuffle of the economy along Islamic lines, but first there also has to be an alternative available, this alternative would have to be implemented and operating at grass roots .

This illustrates why the Arab Spring approach is designed to do the opposite of Islam. Any country which refused to pay further interest on its National Debt or any other interest contracted by the previous government would be attacked by the combined powers of the bankers and their governments. It is a global slave system we are all locked into it and no one is allowed to break out. Most Muslims can only think of working within the system very few can even think of a pure Islamic way. Anyone who starts the Islamic way will be considered a great mujahid by future generations.

[topbonuscasino]

can someone explain option 2 for me please.

how is it not considered usury? do some people have this opinion?