sukuk el-tamwil
n.— «Egyptian civil law limits the interest on a conventional bond to 7 per cent. This would hardly attract investors, with inflation running at over 30 per cent. However, Law 146 allows for the issue of sukuk el-tamwil, instruments similar to bonds, on which there is theoretically no restriction as regards the return offered. » —“MEED Special Report—Privatisation” Middle East Economic Digest (Market Harborough, England) June 8, 1990. (source: Double-Tongued Dictionary)
Further reading
“What has a head like a cat, feet like a cat, a tail like a cat, but isn’t a cat?” Answer: a kitten! A 1948 children’s joke book has lots of these to share with kids. Plus: an easy explanation for the difference between...
Chances are you recognize the expressions Judgment Day and root of all evil as phrases from the Bible. There are many others, such as the powers that be and bottomless pit, which both first appeared in scripture. • There’s a term for when the...
It literally translates as checks of financing.