Jews charge interest, Muslims bon't pay interest, is this the root of the problem?

[Triet]

The Muslims are not allowed to pay (or charge) interest. At one point, Christians were also against it. Making Jews the traditional usurers....

[obtuseangler]

neither a borrower nor a lender be , otherwise pony up your pound of flesh.

[L-Dog]

looks like I have to start praying towards Mecca to save a S load of money!!!

[dogboy]

i think they pay "fees" in the muslim to muslim financial community

[Triet]

Interesting, so the Koran makes a big deal about interest, but not fees?

[RJ]

Wow, fees are alright in the Koran!

 

I thought it was a dodge created by Mario Cuomo to flim-flam his back breaking taxes on New Yorkers.

 

Mario a secret islamist? Who knew?

 

[Chuckles]

Islam does not prohibit charging reasonable interest on a loan. Just like many of the 10 Commandments, the Koran's mention of not charging interest is an easy way of saying, don't screw people or take advantage of them.

[AdrianF]

So could i tell my credit card that i'm muslim and to stop it with the interest?

[Little]

Did they say how much?

[fishnmagician]

So could i tell my credit card that i'm muslim and to stop it with the interest?

 

 

the credit card companies have declared jihad on stupid americans.

[Kevin W]

Banks now cater to Muslims with a bunch of Gobbly **** and legaleez. in the cotract so it appears that the muslim is paying a fee but not interest

 

 

 

There are programs where the bank becomes the Muslims Partner and the "Muslims" Pays a fee that will eventually Buy Out the Partner.

 

 

 

Either way Believe me the bank makes out ALOT BETTER than traditional loans , remember the loan is designed to hide interest for the Muslims so they feel good They also HIDE plenty of fees for the bank.

[fishnmagician]

I wonder how many Muslims come out and ask what effective interest rate the fees are.