Muslim finance isn’t a new thing. It’s just tricks to not be “interest” like a rent-to-own or paying a greater amount to an intermediary upfront. Just like the Jews they constantly think they can just fool God with stupid tricks that go against the spirit of the law.
Yeah, it's really dumb. The banks basically pay some Muslim Imam DEI bux to get their blessing and then they're good to go offering Islamic compliant loans.
On a normal mortgage you pay principal and interest amortized over many years.
With an Islamic mortgage, when you purchase a property, you have the purchase price of the property and then a bank fee. That bank fee is then split over many years. Exactly like interest. But it's a fee.
Then there is the one where they put the house in the banks name (but not really) and you pay "rent" leading to a purchase once a set amount of "rent" is paid.
As the woman states in her short video all Canadian Muslims can go to their local Manzil, Eqraz or Habib banks and get their mortgages if they want to stay halal.
There are Muslim banks all over the Western world.
Only problem with it is that their local mosque will have to approve them and so just saying that they are Muslim isn't enough for their creditors, they have to prove that they are.
The sharia principle here is debt for profit from necessities being wrong. I happen to agree with that principle but sadly only a few other communities share that sentiment.
It would be more interesting to see how Canada is kicking Quakers from their farms for non-payments to for-profit banks during a time when work was forbidden due to covid laws.
Eyes are on the wrong target for this one gentleman.
There is no law that says you have to take out a bank loan that charges interest. Nor are bank loans that charge interest a social custom.
Your example isn't really comparable to "the exact same product, but we word it differently to trick our god." It's special treatment on par with vegan restaurants existing. Though we'd be better off without either.
Apparently allah is an idiot and if you calculate the expected interests and tack it on as a fee he will be fooled into thinking you didn't pay interests on a loan.
The solution to this is to make it law convicted forigners be deported, and that it includes a request for their nation to punish them according to their laws for their crimes.
Muslim finance isn’t a new thing. It’s just tricks to not be “interest” like a rent-to-own or paying a greater amount to an intermediary upfront. Just like the Jews they constantly think they can just fool God with stupid tricks that go against the spirit of the law.
that's fine, pass it into law. Go ahead. They'll discover immediately that they can't get loans lol.
Canadian banks have already bent the knee and offer haram mortgage loans (that I can't be bothered to learn the loophole).
From what I recall, they just tack on the interest that would have accrued to the total and pretend there's no interest being charged
Yeah, it's really dumb. The banks basically pay some Muslim Imam DEI bux to get their blessing and then they're good to go offering Islamic compliant loans.
On a normal mortgage you pay principal and interest amortized over many years.
With an Islamic mortgage, when you purchase a property, you have the purchase price of the property and then a bank fee. That bank fee is then split over many years. Exactly like interest. But it's a fee.
I've over simplified, but that's basically it.
Then there is the one where they put the house in the banks name (but not really) and you pay "rent" leading to a purchase once a set amount of "rent" is paid.
Good point! I forgot about that.
A lot of mental gymnastics for the exact same outcomes..
Muzzies, like Jews, believe God is easily fooled.
Muslims are capable of violence and brown. They will get loans.
As the woman states in her short video all Canadian Muslims can go to their local Manzil, Eqraz or Habib banks and get their mortgages if they want to stay halal.
There are Muslim banks all over the Western world.
Only problem with it is that their local mosque will have to approve them and so just saying that they are Muslim isn't enough for their creditors, they have to prove that they are.
The sharia principle here is debt for profit from necessities being wrong. I happen to agree with that principle but sadly only a few other communities share that sentiment.
It would be more interesting to see how Canada is kicking Quakers from their farms for non-payments to for-profit banks during a time when work was forbidden due to covid laws.
Eyes are on the wrong target for this one gentleman.
I would also ask, what would you say to the descendants of native North Americans who refuse to follow Canadian (or American) customs and laws?
All special privileges to these people should be rescinded immediately.
There is no law that says you have to take out a bank loan that charges interest. Nor are bank loans that charge interest a social custom.
Your example isn't really comparable to "the exact same product, but we word it differently to trick our god." It's special treatment on par with vegan restaurants existing. Though we'd be better off without either.
It's just interest being given another name.
Apparently allah is an idiot and if you calculate the expected interests and tack it on as a fee he will be fooled into thinking you didn't pay interests on a loan.
He's got two left hands or some shit.
Lul these cretins have no trouble collecting "processing fees", "cigarettes", "jizya", "protection money" and usury from their banks.
Usury was also forbid in Christendom. Let's bring that back as well.
Nah, we tricked God by enslaving Jews to do all our banking.
We're so clever. Definitely never going to backfire on us down to road.
Sort of based
they have to go back but also fuck usury
The solution to this is to make it law convicted forigners be deported, and that it includes a request for their nation to punish them according to their laws for their crimes.
Canuckstan + Muslims = costly coddling on the dime of the tax payer.
Here’s your interest free loan. Oh, that amortization schedule? No no. That’s not interest. You just pay this amount every month for 30 years.