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To: Modernman

This is all "thin edge of the wedge" that we're dealing with today.

Yes, perhaps we will not be as complacent in the future as we have been previously, but will our govt clamp down soon enough?

I can only hope.

Do you know that in Michigan, there is actually a bank that now allows moslems not to have home mortgages, in line with shar'ia law?

http://quickstart.clari.net/qs_se/webnews/wed/di/W059777.RLQj_DNA.html

"University Bank has initiated an innovative mortgage alternative loan transaction (MALT(TM)(1)) origination program to provide persons of the Muslim faith as an alternative to home mortgages to allow homeowners to be compliant with Muslim Law (Sharia'a). Current conventional mortgage products are prohibited by the tenets of the Muslim faith, which forbid the receipt or payment of interest."

As I said, thin edge of the wedge.


196 posted on 11/17/2004 8:21:31 AM PST by texasbluebell
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To: texasbluebell
Do you know that in Michigan, there is actually a bank that now allows moslems not to have home mortgages, in line with shar'ia law?

There are mortgages, they're just not called mortgages. It's a sham to make mortgages Sharia compliant, but you can be damned sure that the bank is getting its interest payments.

I say kudos to this bank for figuring out how to tap the Muslim market.

197 posted on 11/17/2004 8:26:36 AM PST by Modernman (Beer is proof that God loves us and wants us to be happy. --Benjamin Franklin)
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