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June to July 2020 - NUFC

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jlaws said:
You say with great authority "considering how heavily they are invested in banking" but then have zero substance to back it up. As it happens PIF Have small holding in BoA, Citigroup and Berkshire Hathaway. The list of rules governing which stocks are Shariah Compliant and which are not are very complex and these definitely are not. I doubt they would buy a direct stake in a gambling firm and as the sponsorship will be less than 5% of turnover it would not prevent them investing in NUFC. Though it would be pretty embarrassing for the "Saudi PL team" to be sponsored by a gambling company.

Actually you are right - 10.48% of income was from interest, which makes it non-compliant.
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I don't think I said it with great authority like but whatever.

I don't think they would choose a gambling sponsor if they where in control but i don't think they would be bothered taking over and a current sponsor being a gambling business.
Not speaking from a position of authority I stress, just what i think from a position of very limited knowledge.
I know they are not allowed to gamble I didn't think there was anything stopping them selling a product to a gambling business. Like I say though I don't know that, I'm not an expert on Shariah Law and not interested enough to google it.
I'm sure you will look it up and correct me if i'm wrong.
Sabre Mag said:
Pretty sure what Mickey and Minnie have been up to without being married is against the rules like...
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Disney recently announced it's first LGBTQ (apologies if I missed a letter) character, voiced by a gay actor as well, they'll be appalled
 
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AndyH said:
I don't think I said it with great authority like but whatever.

I don't think they would choose a gambling sponsor if they where in control but i don't think they would be bothered taking over and a current sponsor being a gambling business.
Not speaking from a position of authority I stress, just what i think from a position of very limited knowledge.
I know they are not allowed to gamble I didn't think there was anything stopping them selling a product to a gambling business. Like I say though I don't know that, I'm not an expert on Shariah Law and not interested enough to google it.
I'm sure you will look it up and correct me if i'm wrong.

Disney recently announced it's first LGBTQ (apologies if I missed a letter) character, voiced by a gay actor as well, they'll be appalled
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I don't need to look it up as Shariah Finance is one of my areas of expertise and I have published in the area.
 
AndyH said:
Then in that case I'm sure you will correct me if i'm wrong without having to look it up.
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It is very opaque in Saudi but elsewhere it is usually fine if less than 5% of revenue, but in reality a Saudi cleric could deem an investment haram (forbidden) for whatever reason they wanted.
 
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