God help us, God bless us.
It is also against the Bible to charge usury on any loan and that every seven years a loan is forgiven. I wonder if I can get a Christian Loan?
Islamic Mortgage: After six months, decapitate your lender and keep the house.
I’ll convert to Islam to get an interest-free mortgage.
The state buying houses for this. Coming soon to your neighborhood.
Interesting that they didn’t mention whether or not non-Muslims could participated. I’m sure that’s the first question on PBS lips if this benefited Christians or Jews.
..."The process is different, but the outcome will look the same," Samatar says.
Then why bother observing the rule in the first place? Do they really think Allah is concerned with the mathematics of how they purchase a home?
Why not just market regular mortgages, but re-label the interest as the "religious fee"? See, then there's no "interest" involved!
The "religious fee" will be just slightly higher than the market "interest rate" , of course, but only to make it perfectly clear that the extra money being paid is quite distinct from that dirty, impermissible "interest".
“Nawawi Sheikh’s new three-bedroom South Minneapolis home is a former foreclosure. The African Development Center’s Hussein Samatar says there are thousands more potential buyers like Sheikh out there. He says the New Markets Mortgage Program will help the Minnesota Muslims community put down strong roots.”
As long as they chase the gangbangers from Chicago away, they’re welcome in South Minneapolis. All kidding aside, this is a violation of the separation of church and state. If you don’t want a mortgage with interest, just go buy a house outright or save up for one. It’s not that hard.
he had the right size family,
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what the heck does THAT mean?????
Just to make sure I’m on the right page here... The man has a valid case now that he now has one of the most upside down loans on his home in the US, and now qualifies for Obama’s program to help said homeowners? I mean, that is where this scam eventually leads, isn’t it?
christianity had the same prohibition but changed.
islam should change.