Islamic banking!

[backseatjuan]

Dude. Get this, they give you credit without interest what so ever. This is practiced throughout Europe (not even mentioning middle east), especially in Britain. Banks like Citibank and Barclays even have special customer windows for "islamic banking". In analogy it is like kosher in food. Check this wikipedia article out: https://en.wikipedia.org/wiki/Islamic_banking_and_finance


Fvck yeah I want a mortgage without usury!

 

[BeTheChange]

^ Doesn't quite work like that...

 

[Tictac]

They call 'interest' something else and do the same things banks in the non-Muslim world do.

Not that you would know that. You're too busy reading comic books about religion.

 

[Von]

Well in Iran... they have no such thing as credit..... its cash value only, no mortgage

They do offer interest rate however on investment.

Islamic banking is the same has Christian banking of old.

 

[Bible_Belt]

The idea comes from the Koran. Mohammed directed his followers to not charge each other interest.

What they do is just load up the loans with fees, which are not technically interest.

 

[Huffman]

Islamic banking means they're buying a house, which you can immediately use, and then later they sell you that house at a price which is higher than usual. So it's the exact same thing, just different name.

The nice twist about the whole thing is that it can (supposedly) only be done with existing goods, and not certificates and stuff without value to back it up.

But hey, look at the arab countries, money will always find a way.