Modernity + Islam

Secret Dubai Diary:

Some time ago an associate working in finance in a certain Gulf state was handling a large investment being made by a supposed national institution. However when the funds transfer documentation arrived, it had no apparent connection in any way to that government institution. There was no reference to it by name anywhere.

Instead, the funds came from a private bank account in an offshore tax haven, identified not even by a name but by a string of obscure initials. The associate eventually worked them out as being the intitials of the names of the children of the ruler of that particular Gulf state.

Do read the last paragraph.