So........... I wonder who is going to make up for the interest that Sharia Muslims WON'T be paying for loans/mortgages?

#ShariaFinancialLawsMatter

Sharia Law = No interest!

Christianity frowns on interest as well.

(07-20-2015 01:55 PM)HeartOfDixie Wrote:  Christianity frowns on interest as well.

Hmm... wonder if Christians will get the same exemption?

(07-20-2015 01:57 PM)ECUGrad07 Wrote:  

(07-20-2015 01:55 PM)HeartOfDixie Wrote:  Christianity frowns on interest as well.

Hmm... wonder if Christians will get the same exemption?

Well, a particular group struck down usury laws.

If it was up to me, as a Christian, we'd have those laws back.

Oh...the humanity of it all!

Quote:In addition to the no-interest requirement, all parties to the deal agree that the money changing hands will be spent on activities that promote social good and the banks and investors pledge to return a portion of their profits to Muslim charity.

There are also prohibitions on money from deals being used to promote or sell certain products, such as alcohol, pornography and pork.

In the Barkaat deal, the Chicago-based venture capital firm Prairie Street Capital borrowed from Ohio's FirstMerit bank on standard terms. Prairie Street then entered into what is known in Arabic as a murabaha, a deal that is effectively structured as a lease-to-own agreement. The firm rents back equipment and the building to Barkaat at a marked up rate.

A Chicago investment bank, Sikich, assisted Barkaat in brokering the deal.

Shariah financing growing popular in the West

Sounds like a perfect marriage between capitalism and religion. Yet the conservatives still freak out. Telling.

Muslim charity.

Ignorance is bliss.

Maybe they will blow up the banks.

Hell ... I'll convert. No interest on cars, homes, boats.

I'll wear a turban if I have to.

These are SHARIA Muslims. Not middle-of-the-road, ordinary Muslims.

These are people who require at least 3 male eyewitnesses for a rape charge. Sometimes the VICTIM is punished for even reporting it.
These are people who execute homosexuals.
These are people who ADVOCATE for domestic violence against women for disobedience.
These are people who believe in STONING adulterers to death.

Yeah, let's give them more incentives to buy property in the US! Awesome.

I heard that ISIS interest rates are cut in half.


Too soon?

(07-20-2015 02:18 PM)UConn-SMU Wrote:  Hell ... I'll convert. No interest on cars, homes, boats.

I'll wear a turban if I have to.

Perhaps you should check into the things strict Muslims actually practice? You might not like what you find.

(07-20-2015 02:24 PM)firmbizzle Wrote:  I heard that ISIS interest rates are cut in half.


Too soon?

The whole interest thing can be an issue when you deal with them in business.

We had major problems over an oil well with a client and a 'Sharia' run company out of Oman.

It was quite a money maker but God was that a fight over something most Western interests would consider absurd.

It's simple to get around this "no interest" thing. The bank just buys the home and then resells to the buyer at a profit. The buyer then pays the bank back in installments.

Why would you do anything to attract more of these parasites?

(07-20-2015 03:37 PM)blunderbuss Wrote:  Why would you do anything to attract more of these parasites?

$

(07-20-2015 02:18 PM)UConn-SMU Wrote:  Hell ... I'll convert. No interest on cars, homes, boats.

I'll wear a turban if I have to.

The ignorance of that statement made me laugh out loud.

(07-20-2015 04:40 PM)Fitbud Wrote:  

(07-20-2015 02:18 PM)UConn-SMU Wrote:  Hell ... I'll convert. No interest on cars, homes, boats.

I'll wear a turban if I have to.

The ignorance of that statement made me laugh out loud.

A definite George Costanza move if I've ever seen one.

(07-20-2015 04:40 PM)Fitbud Wrote:  

(07-20-2015 02:18 PM)UConn-SMU Wrote:  Hell ... I'll convert. No interest on cars, homes, boats.

I'll wear a turban if I have to.

The ignorance of that statement made me laugh out loud.

Sarcasm is wasted on the stupid.