[cbkaty]

I wonder if a Christian or a Jew could get a loan from these extremists..... We all know the answer..... The only way to counter is to open a Christian Mortgage Company or a Jewish Mortgage Company as a counter balance.....otherwise the current administration will refuse to notice these businesses that play by their own rules...not the rules we are required to live with.....

Open the eyes....it's happening here now ...not Dearborn but Houston, Texas......

[whitedog57]

I don’t get liberals. They hate conservatives and their values, but love Islam even though they treat women like animals, etc.

So, if a white male looks cross-eyed at a woman, liberals want them hung. If a Muzzie enslaves and kills a woman,”Its their religion, nothing we can do about it.”

Answer? They have conservatives so much that they will side will far “worse” rather than agree with conservatives.

[bergmeid]

We infidels should seriously consider doing the shahada, which is how you become a muslim, (in name only of course) and then take out a loan with these people. Easy. Really. We should all do it. Never pay another dime of riba (interest).

[BenLurkin]

Islam is winning the war.

[Poison Pill]

Because Islam forbids interest payments on monetary loans, or riba, Islamic mortgages are advertised as alternatives to the borrower-lender structure of conventional mortgages.

Call it a "rental fee", call it a "usage fee", hell call it a banana. Whatever you call it it's interest. The loans are not more stable because they change terms on the loan doc, they are stable because they insist on 20% down. All lenders should get back to that.

[depressed in 06]

Since the “rental fee” is fixed to the market interest rate, the costs are roughly the same as a conventional mortgage, Hussain said. However, the buyer pays an additional $18.75 per month to maintain the limited liability entity.

As long as you don't call it interest it is not interest.

[Honcho]

Since the “rental fee” is fixed to the market interest rate, the costs are roughly the same as a conventional mortgage

Someone has to explain to me what the difference is between paying a "rental fee" fixed to market interest rates are as opposed to paying interest.

They call it something different so that is suppose to make it alright? Interest is not interest as long as it's called something else? The buyer is still paying more for the home than the purchase price or the normal market price. I'm no expert in Islam but that kind of seems to be the point.

And why would we need a Christian or Jewish Mortgage Company as a "counter balance?" Sounds like capitalism to me.

I can kind of see the conversation in some boardroom going like this:

"We have these Islamic people who qualify for loans but won't give us their money because of their religious beliefs on loans , how do we get them to hand their money over?"

"Well Bob, what if we charge them interest but we just call it a "rental fee" instead?"

[Leftism is Mentally Deranged]

Complete fakery. Smoke and mirrors, so that they don’t have to “pay interest.” But they do pay interest. Only they don’t call it interest.
Question, can the non-interest be deducted from income taxes? If so, only for Death Cult members?
Madness.

[JoyjoyfromNJ]

(1)The “savings” part of such banks is becoming even more popular in the UK among non-muslims.
(2)My understanding is that what we call “interest” is already calculated into the total purchase price, then divided out into the “shares”. The bank makes a profit, don’t worry about that; it’s just called something different.
(3)There’s evidence that those profits are transferred overseas in allegedly charity organizations, which in turn fund terrorism. (see last item below)
(4)Many, if not most, of our own large banks have sections devoted to promoting Shariah finance and “mortgages”.
(5)Harvard University has an entire Sharia Finance Center and promotes academic forums and meetings extolling the topic. Guess which country’s royal family bankrolls the center.
(6)you may want to check out www.shariahfinancewatch.org.

[grundle]

This program is a success, and I think it deserves any praise that it gets. And I’m Jewish!

[WOBBLY BOB]

Already have it here in little Somalia(MPLS)