| Author | Message | ||
     Abhinav Junior Artist Username: Abhinav Post Number: 455 Registered: 09-2010 Posted From: 66.90.101.228 Rating: N/A |
Islamic Banking is a fcuking sham business.. They don't pay you any interest, instead they pay you 'Profit-share' which is almost equal to the interest amount... | ||
| Onlytruth Legend Username: Onlytruth Post Number: 129528 Registered: 01-2007 Posted From: 98.226.57.134 Rating: N/A |
Islamic banks get around the prohibition on interest by treating loans more like leases or profit-sharing arrangements. An Islamic mortgage, for instance, looks like a lease-to-own deal. The bank, not the borrower, buys the house. The borrower makes installment payments to the bank for a period of years, at the end of which he or she gets the title to the house. The bank's profit technically comes from renting the house, not lending the money. Loundy notes that Islamic mortgages are more costly than traditional mortgages because they involve paperwork for two home sales: the first by the bank, the second by the borrower after the installment payments are finished. In business loans, the bank essentially shares profits with the borrower, making Islamic financing more like an equity investment than a loan. Even depositors at Islamic banks are supposed to share profits and losses with the bank, instead of receiving interest payments — an arrangement that U.S. banking regulators have so far balked at approving. "The FDIC is not anxious to see any bank agreeing in advance to share a loss," Devon Bank's Loundy says. Click n Watch this video | ||
| Onlytruth Legend Username: Onlytruth Post Number: 129527 Registered: 01-2007 Posted From: 98.226.57.134 Rating: N/A |
Islamic banking is good ...dont get -ve feeling with the word islamic papam vallaki interest pay cheyyakudadhu ane rule vallana kutumba aardhika paristhiti merugu paruchukolekunnaru investment kosam appu teesukoni interest leni appu evadu ivvadu ga..... aithe interest ki vere edo peru petti vasool jeyyadam jaruguta untundhi Click n Watch this video | ||
| Emc2 Hero Username: Emc2 Post Number: 19819 Registered: 03-2008 Posted From: 71.246.229.243 Rating: N/A |
http://eenadu.net/news/newsitem.aspx?item=panel&no=15 eyy rajaa, aunty super keka asalu,slow ga sharia law kuda allow chestharu, god bless india,  no signature |
