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Sharia Law Loans in Seattle
Christian News ^ | July 22, 2015 | Heather Clark

Posted on 07/22/2015 4:17:23 AM PDT by econjack

SEATTLE, Wash. — The mayor of Seattle and his housing committee have unveiled a plan to increase housing in the city, with a portion of the plan proposing the offering of Sharia law-compliant loans for Muslim residents.

Among the number of ideas offered to make housing more affordable for Seattle residents is a segment that addresses Muslim beliefs, as Sharia law forbids usury for its adherents.

“For our low—and moderate—income Muslim neighbors who follow Sharia law—which prohibits the payment of interest or fees for loans of money—there are limited options for financing a home,” the proposed plan reads. “Some Muslims are unable to use conventional mortgage products due to religious convictions.”

“The City will convene lenders, housing nonprofits and community leaders to explore the best options for increasing access to Sharia-compliant loan products to help these residents become homeowners in Seattle,” it says.

Arsalan Bukhari, chapter executive director of the Council on American-Islamic Relations, told the Puget Sound Business Journal that he believes that there are approximately two hundred Seattle residents who identify as Muslim that avoid taking out home loans because of their religion.

“[T]hey don’t want to pay interest,” he said.

Mayor Ed Murray mentioned the proposal at a recent press conference, which will go to city counsel for consideration.

“We will work to develop new tools for Muslims who are prevented from using conventional mortgage products due to their religious beliefs,” he said.


TOPICS: Business/Economy; Miscellaneous; Society
KEYWORDS: glasssteagall; loans; mortgage; seattle; sharia; shariabanking; shariafinance; shariafinancing; sharialaw; washington
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“[T]hey don’t want to pay interest,” he said.

Not a problem...just don't sell them a house.

1 posted on 07/22/2015 4:17:23 AM PDT by econjack
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To: econjack

Correct.


2 posted on 07/22/2015 4:19:43 AM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: econjack

Muslims already have informal ‘banks’ to handle this using Sharia law. No need for government to establish a religion. Who will sue to stop this?


3 posted on 07/22/2015 4:19:59 AM PDT by 1010RD (First, Do No Harm)
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To: econjack
Not surprising since Seattle also has a massive statute of Vlad Lenin, the leftwing communist dicktator.


4 posted on 07/22/2015 4:24:45 AM PDT by newfreep ("Evil succeeds when good men do nothting" - Edmund Burke)
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To: econjack

Perhaps I can start a new religion called Taxolithism in which believers cannot pay taxes.


5 posted on 07/22/2015 4:26:59 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: econjack

They’ll just have to make banking a little more expensive for everyone else.


6 posted on 07/22/2015 4:27:11 AM PDT by cripplecreek (Sad fact, most people just want a candidate to tell them what they want to hear)
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To: econjack

Ummmmm .... I also don’t want to pay interest on my loan. Where do I sign up.


7 posted on 07/22/2015 4:29:31 AM PDT by ClearCase_guy (Henry Bowman where are you?)
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To: econjack

Amerika.....

For decades we were told that we must “make up for wrongs” done to certain groups of people and give them favored status.

Now the tables have totally turned as Amerikans are literally slaves to invading hordes of muslims and illegals. We work to support them through gov’t “programs”, food stamps, equal housing, and now interest free loans.

Let’s face it—don’t ever let some liberal or muslim fool you that they want equality. They don’t! They want you, to be subservient to them period.


8 posted on 07/22/2015 4:30:24 AM PDT by Roman_War_Criminal (The Sun Never Sets on Liberal Idiocy)
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To: cripplecreek
They’ll just have to make banking a little more expensive for everyone else

That's what really ticks me off. If they want to live under Sharia Law, why did they come here in the first place? This political correctness is destroying this Republic with rot from within.

9 posted on 07/22/2015 4:31:48 AM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: econjack

Where is the Freedom From Religion Foundation on this issue. This would seem to be providing a public benefit based on a specific religion.


10 posted on 07/22/2015 4:32:51 AM PDT by Flick Lives (One should not attend even the end of the world without a good breakfast. -- Heinlein)
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To: econjack
Where is Michael Newdow and the separation of church and state people on this?

-PJ

11 posted on 07/22/2015 4:35:28 AM PDT by Political Junkie Too (If you are the Posterity of We the People, then you are a Natural Born Citizen.)
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To: newfreep

Red lives matter.


12 posted on 07/22/2015 4:36:12 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: econjack

The government should have no part in this! What about separation of religion and state? this is illegal and unconstitutional!


13 posted on 07/22/2015 4:45:00 AM PDT by I want the USA back (Media: completely irresponsible. Complicit in the destruction of this country)
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To: econjack

Why did they come here and still live under Sharia Law?? There’s a thing in America call Welfare. They live here under their homeland’s law sign up for ALL the welfare they are “entitled to” and the powers that be in America knuckle under to their demands.
I don’t know what has happened to my America, I don’t recognize the America these people are using. They don’t like paying interest???? Then go back where they came from.
I’M OFFENDED by their presence here.


14 posted on 07/22/2015 4:48:55 AM PDT by tillacum
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To: econjack

Why did they come here and still live under Sharia Law?? There’s a thing in America call Welfare. They live here under their homeland’s law sign up for ALL the welfare they are “entitled to” and the powers that be in America knuckle under to their demands.
I don’t know what has happened to my America, I don’t recognize the America these people are using. They don’t like paying interest???? Then go back where they came from.
I’M OFFENDED by their presence here.


15 posted on 07/22/2015 4:49:27 AM PDT by tillacum
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To: econjack

They spread through out the world for dominance. They can’t do that staying in their birth place. Their main objective is Sharia all over the world! They have many children, so it probably will happen eventually.


16 posted on 07/22/2015 4:54:19 AM PDT by PeachyKeen
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To: econjack

Pretty sure Muslims do charge other Muslims interest, they are just sneaky about it. If memory serves it is hidden in percentages of property transferred with payments.


17 posted on 07/22/2015 4:56:40 AM PDT by BlackAdderess ("Give me a but a firm spot on which to stand, and I shall move the earth". --Archimedes)
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To: BlackAdderess

Look up Musharaka mortgages.


18 posted on 07/22/2015 5:03:31 AM PDT by BlackAdderess ("Give me a but a firm spot on which to stand, and I shall move the earth". --Archimedes)
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To: econjack

I hear they are pretty good unless you get behind in payments. Then they cost you an arm and a leg . . . and a head . . . .


19 posted on 07/22/2015 5:03:35 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: econjack

Keep digging your Graves Seattle. Hey, let’s replace the space needle with a skyscraper Mosque!


20 posted on 07/22/2015 5:10:53 AM PDT by Extremely Extreme Extremist
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