>The concept of debt in Islam is such that it must be paid in one way or another, either in this world or in the Hereafter. Hence, a true believer doesn't fear giving out debt because he knows his debtor cannot get away with the debt.
>It is either he repays him in full in this world, or that he is paid by his next of kin from his inheritance or he pays in the Hereafter by either relinquishing his good deeds or taking off your bad deeds.
>2. Not Paying Off Debts is Very Risky
>Only the creditor has the right to waive or forgive debt. Even for a Shahīd (ie. a martyr) –all his sins are forgiven except for debt. Whoever dies in a state of indebtedness will not be set free, unless his debt is settled.
This is just sandjewing. You greedy motherfuckers. You don't even forgive people's debts in the afterlife. Absolutely jewish.
I spent some time in the UAE because my friend was over there as a teacher and he explained to me that you never go into debt otherwise they cancel your passport and you aren't allowed to leave. While all the other foreigners were driving ferrari's and lambs and etc he just took the bus because he didn't want to risk it.
They're pretty strict on debt.
Nathaniel Ward
What is the interest rate in the afterlife?
Jaxon Jenkins
What redemptive value is there in a "religion" that doesn't let the poor off the hook for poverty even in death? A religion that places no such burden on the rich, essentially telling everyone that wealth is its own reward and that the wealthy have an EASIER time getting into heaven because debt is an unpardonable sin?
Hudson Sanchez
Usury is supposedly haram, so the repayment is for a set amount in addition to the principal, presumably maybe there are additional amounts added as penalties for late repayment.
Landon Lewis
If you are islamic I believe they have special loans which have some name. They're extremely low interest loans which are fixed so essentially they aren't making money off their brothers. I think that is a good idea.
Jeremiah Brown
I find it funny how many religious have a certain bureaucratic outlook on afterlife.
Caleb Thompson
Wtf is this? Debt and Interest is forbidden in Islam.
OP post is a Jew, no doubt.
Asher Diaz
>To earn money without the typical practice of charging interest, Islamic banks use equity participation systems. Equity participation means if a bank loans money to a business, the business will pay back the loan without interest and instead give the bank a share in its profits. If the business defaults or does not earn a profit, then the bank also does not benefit. In general, Islamic banking institutions tend to be more risk-averse in their investment practices. As a result, they typically avoid business that could be associated with economic bubbles.
So when does the business being loaned money get to stop sharing its profits with the bank? This sounds very mafioso. investopedia.com/terms/i/islamicbanking.asp "We don't charge you interest, but you give us a piece of the action forever" Wtf, Islam?
Jeremiah Myers
>extremely low interest 0 is the interest rate in Islam Interest is Haram, it's a Jewish thing only
Owen Gomez
I know but I've heard in practice there is still interest it's just really low.
Joshua Ortiz
what if the debt is a slave you lend someone? do you get the slave back in the afterlife?
Brody Reyes
It's as though all Abrahamic religions were created by kikes.
Apparently, though it probably varies by country, they're allowed to charge a very small interest rate for account management that can be recorded as revenue and a much more significant amount of interest as a penalty for late repayment which may NOT be recorded as revenue, and which must go to charity. That must be very convenient if they or their cousin is running the charity being donated to as well. Charities are a scam.
Dylan Cook
Yeah they say it's for admin fees and accounting which makes sense and means it isn't technically interest.
Don't get me started on charities I'm sure the charity system here is worse than yours.
Alexander Gomez
Islam is Slave Class Judaism. It's to be spread across the world to wipe out Christianity and usher in the Noahide Laws with their A.I. anti-christ.
James Collins
But they want to kill Jews. Christians and Muslims have more in common than anyone else.
During the genocide in Indonesia which occurred in the 60s the Christians and the Muslims came together and they genocided all of the Jews, Athiests, Communists, LGBT and basically all leftists. They killed like 2 million people and spared each other.
Jonathan Parker
It makes a lot of sense why they banned fractional reserves reading this. Its pretty much the least Jewish take on debt I've seen.
John Carter
>just really low it's probably not compound interest
Alexander Sullivan
If 1.8 billion muslims wanted the jews dead, the jews would be dead. Everywhere. Muslims hate jews right up to the point where they have to do something about it, then they've all got something better to do.
