PM Justin Trudeau to introduce ‘halal mortgage’ for Muslims in Canada

Muslim Mirror ^ | 04 18 2024 | Muslim Mirror Staff

[JubJub]

Substance over form.

[fhayek]

The Islamic faith considers the charging of interest to be a form of usury, and considers gains made through interest to be unjust.

I see that Saudi Arabia holds about $128 billion in U.S. Treasuries. Maybe it's unjust, but they seem to have gotten over it...

[ronnie raygun]

Not enough rope in this part of the hemisphere for all those who need to be strung up

[A strike]

“Other Abrahamic faiths - like Judaism and Christianiy - also consider usury a sin.”

Not true.
Jews were prohibited from charging interest only to other Jews.
Christianity had no restriction.

[Flaming Conservative]

A rose by any other name... (Or in this case, A skunk by any other name).

[CTyank]

I used to work with a guy that married a girl from Nigeria(if I recall correctly).

His father in law was considered a wealthy man and had 3 wives, each living in their own apartment.

He said that they had visited him a few times and from what he could tell - he was 3 times more henpecked.

[mac_truck]

Is this type of mortgage available to anyone who qualifies financially?

If so, then I don’t see a problem.

[I want the USA back]

It’s a legal fiction to make people feel good. It’s interest without the name.

[sphinx]

And Muslims in Canada cannot do this for themselves because...?

Sounds like an easy opportunity for Canadian mortgage lenders, realty companies, banks or Muslim self-help cooperatives to step up and do something useful.

The idea of allowing the market to solve a simple problem is of course alien to Justin Trudeau.

[SunkenCiv]

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[hanamizu]

I guess they must think Allah is too dumb to see through such a ruse.

---

Not defending Islam, but don’t observant Jews do something similar? There is a wire that encircles much of Manhattan that somehow allows the entire area to be exempt from certain Sabbath prohibitions.

[existentially_kuffer]

>>>Taqiyya: Deception and Lying is part of Islam. It is in their holy books.

True, Surah 5, Ayat 55 true! Only with the tongue but not with the heart. Shia are better liars than Sunni.

[Tunehead54]

True explanation of the nature of the beast. Thanks.

[fhayek]

I am a Catholic, and we used to be prohibited from eating meat on Fridays. (That still is true during Lent). I figured, if you lived near the international date line, and you craved a hamburger, all you had to do was cross the line into Thursday (or would it be Saturday?), and you would be good to go. I guess everyone is looking for loop holes...

[MotorCityBuck]

LOL!
+1

[Dr. Sivana]

Usury becomes VERY difficult to define when fiat money is the instrument of payment.

[Dr. Sivana]

I figured, if you lived near the international date line, and you craved a hamburger, all you had to do was cross the line into Thursday (or would it be Saturday?), and you would be good to go.

I don't see any land masses that straddle the International Date Line. Getting on a boat and going to another island is a bigger sacrifice than having clams or cheese pizza instead of a hamburger.

https://www.britannica.com/topic/International-Date-Line

[Scrambler Bob]

It’s basically charging Muslim mortgage buyers interest, but without calling it interest.
= = =

So is this ‘non interest’ deductable?

Don’t know if Canada does taxed like US.

[Salman]

There are of course already banks that do this, and it's perfectly legal in the USA, UK, Canada, and the EU.

But that doesn't pander to an electoral constituency.

[butlerweave]

I’m sure muslim countries would also do all they can for nonmuslims ,LOL