Islamic finance law is the solution to all the problems created by an interest-based system.
Islamic finance law is the solution to all the problems created by an interest-based system
Kayden Lee
Kayden Ross
Explain to me the "no trading on the basis of uncertainty and risk" rules. Doesn't that apply to all futures, then? Food?
Carson Smith
> TL;DR: It could work, but needs to be decoupled from religion and would require intercommunity (everybody, not just muslims) access and international oversight, which will never happen.
IT actually would really be beneficiary for many since the focus is more on co-dependence in a venture instead of a monetary generative transaction scheme.
However... Most Islamic banks only give home ownership loans only to muslims, some even ethic mulsims, not converts. they also get abd rep because their money is undoubtedly involved in what we call terrorist organizations.
Also many famlily members of several of muslim nation's potentates (kings, emirs, presidents,w hatever) have a lot of (if not full) voting powers in thopse boards. Sure they will not use their wealth to build homes for the infidels.
Alexander Butler
Then why are billions of Muslims so poor they eat dirt and ride donkeys to jobs they don’t have
Brayden Scott
They're not operating in an Islamic system. Fools like you make the mistake any 0IQ tard would make in assuming that Muslim countries are run according to Islam.
Kevin Watson
>Explain to me the "no trading on the basis of uncertainty and risk" rules.
I don't think there is such a rule about not trading on risk. Risk is inherent to trade. Islam certainly isn't against taking on risk in trade.
Mason Watson
> muh poor oppressed mudslimes
post hands
Jackson Kelly
Post nose
Justin Howard
>I was taught by the hyperjewed western education system to fear anything islamic.
>I learned to follow actual patterns of thought and mathematical formulae by observing the real world
>islamic studies lead me toward a stable and undying economic model
Go ahead sir. I await your wisdom.
Colton Howard
Good that you broke out of the cage that many find themselves in.
So, what do you want to know?