Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: KayEyeDoubleDee
However, it is my understanding that Islamic teaching actually prohibits profiting from sales.

Islam is against the charging of interest on loans. This makes banking and credit more complicated. My understanding of Islamic banks is that they're more like mutual funds with check-writing priviliges

19 posted on 10/15/2001 5:10:04 AM PDT by SauronOfMordor
[ Post Reply | Private Reply | To 15 | View Replies ]


To: SauronOfMordor
My understanding of Islamic banks is that they're more like mutual funds with check-writing priviliges

Isn't this how the Democrats set up the House Bank?

29 posted on 10/15/2001 5:45:20 AM PDT by Tijeras_Slim
[ Post Reply | Private Reply | To 19 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson