The New York Times Spreads Disinformation in Shilling for Shariah Finance

Shariah Finance Watch ^ | 30 June 17 | Christopher W. Holton

[LSUfan]

Today’s New York Times has what amounts to an advertorial for Shariah finance, espousing “Retirement Savings, the Muslim Way.”

Not surprisingly, given the New York Times’s jaded past, the article is unbalanced and omits many of the concerns about Shariah finance.

[Dilbert San Diego]

I read an article recently which was discussing Islamic mortgages.

It noted that Islam forbids charging interest so the mortgages are structured so as not to charge interest.

It also noted that it’s hard to get a Muslim mortgage in America because so few financial institutions offer them.

[sphinx]

The lenders in Muslim mortgages make a profit. They just don’t call it “interest.” Depending on how the loan is structured, it is called “rent” or “profit,” which in either case is fixed into the purchase price and prorated over the term of the loan. A cynic might say that this is a distinction without a difference, but don’t say that too loudly or the Muslims might saw your head off.

[spintreebob]

Retirement Savings the Dave Ramsey way

Imagine that NYT Headline and fluff article. How much difference is there between the Muslim way and the Dave Ramsey way? From seeing the actual lives of a few Muslims who claim the Muslim way I don’t see much difference.

[T Ruth]

A Year of Biased Reporting: Why the New York Times Won