john goodman
All Star
They forbid interest because they are stupid
Slaimon's Thoughts (Official Thread)
- Thread starter Slaimon Khan Shah
- Start date
Nefflum nigga
Bred from insolence
fukk Islam
fukk Catholicism
Both are rooted in pedophilia and satanism
Christianity's deeply rooted in paganism and satanism..
fukk all that shyt
fukk Catholicism
Both are rooted in pedophilia and satanism
Christianity's deeply rooted in paganism and satanism..
fukk all that shyt
Type Username Here
Not a new member
Islam does ban interest, but it circumvents it by implementing other requirements.
So they are essential are trying to fool god with loop holes and semantics.
So they are essential are trying to fool god with loop holes and semantics.
Mr. Somebody
Friend Of A Friend
Leviticus 25:37
You shall not lend him your money at interest, nor give him your food for profit.
You shall not lend him your money at interest, nor give him your food for profit.
Mr. Somebody
Friend Of A Friend
Alot of people have died because of interest. I think you need to correct your demonic thought process, friend.
Does your help desk job allow you to have a savings account? If so, you are lending money at interest which makes you quite demonic.
Mr. Somebody
Friend Of A Friend
What? You arent making any sense. I dont have a savings account. I keep my money in a secret location.
Do you have a 401-K? Does it have a mix of bonds and stocks? If so you are lending the government money at interest. Quite demonic.
Mr. Somebody
Friend Of A Friend
401k is a bad investment. I dont make those kinds of investments, friend.
the islamic argument is that you cannot make money from money.
Money should not be earned from lending with interest, if the provider of the funds gets fully involved in the economic activity and becomes a shareholder in the business and get a return on his investment it would be halaal.
This is how islamic banking has tried to create a loophole and bridge the gap. They use musharaka and mudharaba instruments, they are in reality exactly the same as interest , just semantics..
I foresee a future without need for such semantics and wordplay, i think of todays Islamic Banking as a stop gap measure.
Why? because by nature even though they are engaged in interest , they are committed to involvement in the real economy , the money lent is used to produce real tangible goods and directly influences the economy.
They also do not demand collateral meaning they incur risk.
While traditional banks will incur little risk because the money lent will be collateralized and insured , meaning most risk is blown away and they make money from money..
This traditional activity has become a minority of their activities, they have moved on to the more profitable and dangerous casino of the derivates markets, and commodity and currency speculation.
This is also why they fail, and posts losses when their model should gaurentee them zero loss..
This is due to greed.
but let me go back to my previous answer, you are still talking about banks , i want to eliminate them altogether.
I do not want a business solely designed to make money from money, the activities of the banks should be a utility like Power and Water and communication, the same with your currency.
I want the role of the banks to be taken over by other entities , so that this accumulation of money for the sake of accumulation can be directed for the common good..
Money should not be earned from lending with interest, if the provider of the funds gets fully involved in the economic activity and becomes a shareholder in the business and get a return on his investment it would be halaal.
This is how islamic banking has tried to create a loophole and bridge the gap. They use musharaka and mudharaba instruments, they are in reality exactly the same as interest , just semantics..
I foresee a future without need for such semantics and wordplay, i think of todays Islamic Banking as a stop gap measure.
Why? because by nature even though they are engaged in interest , they are committed to involvement in the real economy , the money lent is used to produce real tangible goods and directly influences the economy.
They also do not demand collateral meaning they incur risk.
While traditional banks will incur little risk because the money lent will be collateralized and insured , meaning most risk is blown away and they make money from money..
This traditional activity has become a minority of their activities, they have moved on to the more profitable and dangerous casino of the derivates markets, and commodity and currency speculation.
This is also why they fail, and posts losses when their model should gaurentee them zero loss..
This is due to greed.
but let me go back to my previous answer, you are still talking about banks , i want to eliminate them altogether.
I do not want a business solely designed to make money from money, the activities of the banks should be a utility like Power and Water and communication, the same with your currency.
I want the role of the banks to be taken over by other entities , so that this accumulation of money for the sake of accumulation can be directed for the common good..
Bondye Vodou
Proud practitioner of the "High Science"
intilectual recipricol
Killin fake hip hop
Why didnt that fakket yahweh have a law against slavery?
Banks are set-up through Roman Canon Law. There is interest on the books....you pay a debt and stay in debt.
show me where does it say that Catholic church is ok with interest?
Islam is against it as well but just like catholic church they used outsiders to charge and collect interest or gifts.
Is this your attempt at performing da'wah to the "ignorant" people of the decadent and immoral West?
You should tell the whole truth about Islam then let people decide instead of cherry picking the facts and half-truths you think make Islam morally superior to the perceived Judeo-Christian values of the West.
You should tell the whole truth about Islam then let people decide instead of cherry picking the facts and half-truths you think make Islam morally superior to the perceived Judeo-Christian values of the West.