I would go further by saying that as Muslims (again I am not a scholar here) there can never be any harm to share a halal product. The reverse may not be permissible. Our objective at the Central Bank is to offer an alternate mode of finance to local stakeholders and also to enlarge our offerings in the offshore financial domain.
The more Council members that agree, the surer I am that we have weighed all the pros and cons of a bond purchase programme properly and have minimised the risks. The verdict of the European Court of Justice on the earlier bond programme, the OMT programme, is still outstanding; this week the Advocate General will make his recommendations.