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To: jackson29

They also say that they don't pay interest, either, though. So if they can get enough Muslims to deposit money at their bank at no interest, they will have lots of money to loan at no interest. But in reality, the money is likely to be funnelled into loans by the parent bank to non-Muslims who pay interest. To me, it sounds like a gimmick to get Muslims to deposit money at their bank, at no interest.


32 posted on 01/02/2006 8:58:19 AM PST by Brilliant
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To: Brilliant

Interest -- No.

Discount Rate -- Yes.

(Simplified, but mostly accurate.)


34 posted on 01/02/2006 9:02:01 AM PST by Fixit (http://comedian.blogspot.com)
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To: Brilliant

strikes me as similar to a ponzi game, this is just another money game

here , who ever thought it up & wherever he is, benefits


there is no such thing as a free lunch


35 posted on 01/02/2006 9:03:05 AM PST by jackson29
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