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Only you can help Sharia law followers obtain loans (Via "Sukuk")
Hot Air ^
| July 20, 2015
| Jazz Shaw
Posted on 07/20/2015 10:15:40 AM PDT by PJ-Comix
When you think of Sharia law the first thing that probably comes to mind is all of the big ticket items which regularly make the news, particularly honor killings and the rest of the horror show which follows such practices. But as Ive recently been learning theres a lot more to it than just stoning infidels, maiming or killing women and denying an education to girls. Did you know that Sharia law prohibits the charging or paying of interest on loans? Its apparently true, and its something which hinders homeowners and business operators who follow these rules. Out in Seattle, the mayor is all over the problem. (From Biz Journals)
(Excerpt) Read more at hotair.com ...
TOPICS: Business/Economy
KEYWORDS: shariahlaw; sukuk
Earlier this month, Luxembourg issued a $254 million, five-year Islamic bond, known as sukuk. Meanwhile, Hong Kong last month completed its first sale of Islamic debt raising $1 billion. That came after Britain in June became the first Western nation to issue sukuk, an Arabic word that roughly translates as certificates.
1
posted on
07/20/2015 10:15:40 AM PDT
by
PJ-Comix
To: PJ-Comix
And the issue of Muslims not being able to get a mortgage loan because Islam forbids paying interest is my problem because why?????????
To: PJ-Comix
I know, I don’t see society making accomodation for Christian beliefs. Quite the contrary.
3
posted on
07/20/2015 10:19:14 AM PDT
by
mrsmel
(I won't be reconstructed and I do not give a damn.)
To: PJ-Comix
Did you know that Sharia law prohibits the charging or paying of interest on loans? I did actually. Those of us opposed to Islam are not all relying on prejudiced emotional appeals.
4
posted on
07/20/2015 10:21:11 AM PDT
by
Vanders9
To: PJ-Comix
Sounds like a money laundering scheme to me.
5
posted on
07/20/2015 10:27:45 AM PDT
by
PoloSec
( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
To: Vanders9
I knew. But I’ll admit to getting a little emotional about people who train children to decapitate people.
6
posted on
07/20/2015 10:46:51 AM PDT
by
mrsmel
(I won't be reconstructed and I do not give a damn.)
To: PJ-Comix
Why is everybody rushing to change the economic system to accomodate a violent, reptile-brain ideology?
They shouldn’t be here, so kick them out.
7
posted on
07/20/2015 11:00:24 AM PDT
by
I want the USA back
(Media: completely irresponsible. Complicit in the destruction of this country)
To: Dilbert San Diego
It’s their fault for joining a Cult
8
posted on
07/20/2015 11:04:24 AM PDT
by
molson209
(Blank)
To: PoloSec
I expect banks to jump on this and even use it as a selling point. Here is how it works
Since the bank cannot charge interest, the inflate the current value of the property by the prevailing interest rate. For example, my $100K property will sell for $170K (approx 3% interest for 30 years). Problem "solved".
The banks will love it because it automatically inflates the prices. Many of their underwater properties are now "solvent" again.
However, you all can imagine the false values and problems this creates long term.
9
posted on
07/20/2015 11:09:45 AM PDT
by
TxAg1981
To: PJ-Comix
10
posted on
07/20/2015 11:49:59 AM PDT
by
mark3681
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