Only you can help Sharia law followers obtain loans (Via "Sukuk")

Hot Air ^ | July 20, 2015 | Jazz Shaw

[PJ-Comix]

When you think of Sharia law the first thing that probably comes to mind is all of the big ticket items which regularly make the news, particularly “honor killings” and the rest of the horror show which follows such practices. But as I’ve recently been learning there’s a lot more to it than just stoning infidels, maiming or killing women and denying an education to girls. Did you know that Sharia law prohibits the charging or paying of interest on loans? It’s apparently true, and it’s something which hinders homeowners and business operators who follow these rules. Out in Seattle, the mayor is all over the problem. (From Biz Journals)

[PJ-Comix]

Earlier this month, Luxembourg issued a $254 million, five-year Islamic bond, known as sukuk. Meanwhile, Hong Kong last month completed its first sale of Islamic debt raising $1 billion. That came after Britain in June became the first Western nation to issue sukuk, an Arabic word that roughly translates as “certificates.”

[Dilbert San Diego]

And the issue of Muslims not being able to get a mortgage loan because Islam forbids paying interest is my problem because why?????????

[mrsmel]

I know, I don’t see society making accomodation for Christian beliefs. Quite the contrary.

[Vanders9]

Did you know that Sharia law prohibits the charging or paying of interest on loans?

I did actually. Those of us opposed to Islam are not all relying on prejudiced emotional appeals.

[PoloSec]

Sounds like a money laundering scheme to me.

[mrsmel]

I knew. But I’ll admit to getting a little emotional about people who train children to decapitate people.

[I want the USA back]

Why is everybody rushing to change the economic system to accomodate a violent, reptile-brain ideology?

They shouldn’t be here, so kick them out.

[molson209]

It’s their fault for joining a Cult

[TxAg1981]

I expect banks to jump on this and even use it as a selling point. Here is how it works
Since the bank cannot charge interest, the inflate the current value of the property by the prevailing interest rate. For example, my $100K property will sell for $170K (approx 3% interest for 30 years). Problem "solved".
The banks will love it because it automatically inflates the prices. Many of their underwater properties are now "solvent" again.
However, you all can imagine the false values and problems this creates long term.

[mark3681]

Via “Sukuk”)

Suk what?