Posted on 05/11/2019 1:46:02 PM PDT by OddLane
Islamic Finance is a scam. It requires weird workarounds to make sense in today's world. Islamic Mortgages are are a scam. They charge you more and add no value. Muslims who follow these rules are far worse off than Muslims who get conventional bank mortgages.
Home buyers tend to be better off and grow equity, have a home that they can leave for the kids, are able renovate as they please, and not be at the mercy of their landlords to put arbitrary rules or kick them out as they please. Some Islamic mortgages are actually conventional mortgages repackaged as halal ones with additional fees on top.
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Woe to you, scribes and Pharisees, you hypocrites! You traverse land and sea to win a single convert, and when he becomes one, you make him twice as much a son of hell as you are.
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