Will You Love a Financial System that Has Zero Percent Interests? Welcome to the Islamic Financial System. Only the Greedy Will Hate It.

[Loofydralb]

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That's why they're so afraid of the gold because it bears similar zero interests.

 

[kulgai]

islamic banking is pure nonsense.
one example:
Instead of giving a loan to a customer to buy a product like car, the bank buys the product and then leases it to the customer. The customer acquires the item at the end of the lease contract. So it is nothing but a play of words to avoid using the term "interest" as it is considered haram.
Truth be told, there's no free lunch

 

[syed putra]

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That's why they're so afraid of the gold because it bears similar zero interests.

If you really want zero interest, then go to japan or at one time, sweden.
Islamic banking rebrand interest as profit sharing or long term lease. And if you calculate, comes to same number as interest rate charged by other banks.

 

[kulgai]

spot on

If you really want zero interest, then go to japan or at one time, sweden.
Islamic banking rebrand interest as profit sharing or long term lease. And if you calculate, comes to same number as interest rate charged by other banks.

 

[Loofydralb]

islamic banking is pure nonsense.
one example:
Instead of giving a loan to a customer to buy a product like car, the bank buys the product and then leases it to the customer. The customer acquires the item at the end of the lease contract. So it is nothing but a play of words to avoid using the term "interest" as it is considered haram.
Truth be told, there's no free lunch

It's clarity in amounts and transactions.

When done right, you can buy stuff at almost no markup.

 

[Loofydralb]

If you really want zero interest, then go to japan or at one time, sweden.
Islamic banking rebrand interest as profit sharing or long term lease. And if you calculate, comes to same number as interest rate charged by other banks.

Everything calculated upfront and fixed for a straightforward transaction. No ambiguity, no hanky panky with interest rates, no inflation.

 

[syed putra]

I would avoid islamic banking. Its a fake.

 

[bobby]

Mudds also cannot invest in companies that produce/sell/market alcohol, pork & gambling.

However strongly recommends companies that produce/sell/market jails, motorcycles & Food Warmer bags

 

[duluxe]

I would avoid islamic banking. Its a fake.

It is playing around with word. Interest is actually dispensed as profit sharing dividends. The peaceful folks are not being honest again.

 

[duluxe]

islamic banking is pure nonsense.
one example:
Instead of giving a loan to a customer to buy a product like car, the bank buys the product and then leases it to the customer. The customer acquires the item at the end of the lease contract. So it is nothing but a play of words to avoid using the term "interest" as it is considered haram.
Truth be told, there's no free lunch

if islamic bank really doing interest free loan, from where it gets money to pay salary to staff? zakat?

 

[eatshitndie]

wealth and the welfare of the family is built on compound interest, according to charlie munger who just passed away. the 1st $100k “is a bitch, but you’ve gotta do it.”

 

[laksaboy]

Sorry Islamofascists, but 'Islamic banking' is also part of the Mark of the Beast system. To put it in a way you understand, it's the system of the dajjal.

 

[duluxe]

Sorry Islamofascists, but 'Islamic banking' is also part of the Mark of the Beast system. To put it in a way you understand, it's the system of the dajjal.

Next time when you want to borrow money, approach a muslim neigbour.

 

[kulgai]

It's clarity in amounts and transactions.

When done right, you can buy stuff at almost no markup.

stop kidding yourself

 

[kulgai]

if islamic bank really doing interest free loan, from where it gets money to pay salary to staff? zakat?

it's pure logic that only thinking people can see through

 

[Loofydralb]

stop kidding yourself

Enjoy your boom and bust capitalist cycles while the average man becomes poorer and poorer due to it's inflation.

 

[kulgai]

Enjoy your boom and bust capitalist cycles while the average man becomes poorer and poorer due to it's inflation.

and muslims that do islamic banking are getting richer and richer? lol

 

[congo9]

Islamic banking is a fake.

 

[Loofydralb]

and muslims that do islamic banking are getting richer and richer? lol

The idea of Islamic finance is not for some groups to be rich. That is zionists thinking.
Islamic systems are more equitable, sharing the economy to the broader population.

You can LOL all you want but your system will make the rich poor divide bigger and bigger until your only choice is world wars.

Enjoy your nukes. It'll be coming to a financial centre near you! :haha:

 

[parrardee]

Islamic banking is a fake.

and loofydralb is a blardyfool.