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Islam's Finance Rules

ibtimes.com — Islamic rules known as Shariah generally prohibit making money from money. They also forbid profiting by some things seen as immoral. To work within these rules, the Islamic financial world has come up with some alternatives

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  • oxide7, on 10/12/2007, -51/+13those islams and their crazy laws
    • Blah_Blah_Blah, on 10/12/2007, -13/+48It's not crazy. Muslims consider charging interest as taking advantage of those financially incapable of paying all at once. I think it makes sense.
    • pintomp3, on 10/12/2007, -14/+25Christianity doesn't allow usury either.
    • elnerdo, on 10/12/2007, -19/+13I don't know where you've heard that pintomp, but it's wrong. The catholic church didn't allow usury for a long time, but that's just because the Catholic church had a lot of arbitrary rules. Christianity says nothing of usury.
    • alarm, on 10/12/2007, -3/+18elnerdo- http://en.wikipedia.org/wiki/Usury#Biblical

    • CornStarch, on 10/12/2007, -3/+6actually elnerdo it is in the Bible, i can't remember the exact wording but I'll get back to you when I find the link.

      edit, alarm got it. I think it's missing one though...
    • Olle, on 10/12/2007, -2/+12The Bible condemns usury in no uncertain terms. In the Book of Exodus God says “if you lend money to my people, to the poor among you. you shall not exact interest from them” (22: 25)
    • dbloodnok, on 10/12/2007, -4/+6Usury in a debt-based monetary system (which most of us use) is bad because over the entire system (everyone using money) it creates a total obligation (debt which must be paid back) that cannot be met by the system.

      Money is created when someone takes out a loan, but the amount that has to be paid back is greater than the amount created. Over the entire system this makes defaults inevitable.
    • deadcow, on 10/12/2007, -4/+6if you look carefully at the bible quotes in the Wiki article quoted above, they are all from the Old Testament and prohibit Jews from lending to other Jews with interest. There are no New Testament prohibitions about charging interest.

      So it is perfectly biblical for a Christian to charge interest.
      And it is perfectly biblical for a Jew to charge a non-Jew interest.
    • Kaleb, on 10/12/2007, -10/+5You mean 'muslims'? A follower of Islam is a muslim, not an 'Islam.' You silly cowboys and your lax command of the English language.
    • willcode4beer, on 10/12/2007, -1/+1dbloodnok, need to look beyond the surface, sure some people will default on a loan. Some are going to default whether or not interest is charged.
      Interest is the motivation to the lender to lend.
      By lending money instead of hoarding, the money is put into circulation, and put to work, and more people benefit.
      If I loan money to Bob so he can make solar cells, Bob turns sand (no value), into solar cells (value). Both Bob and I benefit. People wanting cheaper electricity benefit too.
      Of course things aren't always this simple, and not all credit transactions are beneficial but, the majority are beneficial. Notice that the countries with the biggest systems of credit also have the highest standards of living, biggest economies, and more general wealth.
    • elnerdo, on 10/12/2007, -0/+1Well, alright then. I was wrong.
  • BigFan, on 10/12/2007, -12/+22Oxide muslims are not crazy.So please dont say stuff about them that u dont even know.
    • daldredge, on 10/12/2007, -21/+8Please don't type anything in English till you know it better... :)
  • oxide7, on 10/12/2007, -44/+13they are the craziest people on the planet
    • Roger, on 10/12/2007, -10/+17Oxide7, quit your trolling please.
    • ahmerhussain, on 10/12/2007, -12/+6Not as crazy as you!

      (and Fox News of course...)
  • Jun168, on 10/12/2007, -34/+12What a backwards society.
    • sparks2, on 10/12/2007, -9/+26Yeah, what a backwards society... refusing to take people's money through interest and doing their best to not get people in debt....

      RTFA Troll...
  • ClemX, on 10/12/2007, -3/+16I heard about this in an international management class (woes of an IT major). A lot of times instead of charging interest they'll say, "pay us back and give $x to a charity."
  • simmonsdd, on 10/12/2007, -26/+5They took bacon off the menu????
    I think I feel a lot better about the war now.
    • ahmerhussain, on 10/12/2007, -3/+16Bacon is not allowed in Islam.

      All food that Muslims eat must be Halal (Kosher). Some say that everything but pork is okay but...still i think you get my point...
    • rekrapt, on 10/12/2007, -8/+3It's ***** Church's Fried Chicken, man! Don't force your anti-pork bigotry on me!
    • willcode4beer, on 10/12/2007, -0/+4by the book, Christians shouldn't eak pork either (Deuteronomy 14:8).

      anyone brings up that old laws don't count crap, is ignoring the words of Jesus

      "For truly, I say to you, till heaven and earth pass away, not an iota, not a dot, will pass the law until all is accomplished. Whoever then relaxes one of the least of these commandments and teaches men so, shall be called least in the kingdom of heaven; but he who does them and teaches them shall be called great in the kingdom of heaven”-Matthew 5:18-19

      Of course in the modern age, Christianity is pretty much pick and choose.
      Pick the parts you like, pretend the rest isn't there
    • simmonsdd, on 10/12/2007, -2/+019+ diggdowns for an obvious joke? Gee, what does the koran say about a sense of humour? Oh nevermind, I remember that cartoon thingy. Sorry, don't kill me.
      Here's your chance to show your moral superiority. Digg away. Yes *****, I'm completely in favor of bombing a country over aversion to pork products.

      Ok maybe if we were talking about Spam ...
  • amoo3, on 10/12/2007, -4/+33Yeah, that pretty much right at the basic levels. They failed to mention though (Because it has nothing to do with their website) that Muslims must pay Zakah (Charity) yearly on their assets.

    This Zakah is 2.5% of all your money and gold jewelry, or its equivalent in dollars(Jewelry is debated upon, but generally the answer is yes, its paid for) to a Zakah collector. The money then goes to the poor, needy, those who collect the Zakah, in the way of Allah(god), travelers (IE: Students traveling for education), to free slaves, those in debt, and those on the brink of accepting Islam.

    All those people must be Muslim in order to receive Zakah except those on the brink of accepting Islam. Money that goes to non-Muslims in separate from Zakah.

    -Amir
    • ahmerhussain, on 10/12/2007, -5/+9Damnstraight Amir!!!
    • uttles, on 10/12/2007, -32/+12You left out the part about that money going to the families of suicide bombers.
    • koguma, on 10/12/2007, -2/+6uttles, which is why Charity without Fear was launched:

      http://www.thezakat.org/charitywithoutfear.aspx
    • uttles, on 10/12/2007, -28/+7Wow, what a nice law, granting immunity to those who fund islamic terorrism. All you have to do is say "but I didn't know they were going to spend it on that..."
    • Roger, on 10/12/2007, -7/+15@uttles:

      Quit your trolling please.
    • mr100percent, on 10/12/2007, -1/+11uttles, you think every Muslim family worldwide does that? Quit trolling. When someone did a suicide bombing in Turkey, the bomber's family went to the Jewish victims and tearfully apologized and begged for their forgiveness, saying what their son did was completely against Islam.
    • RandomGuySteve, on 10/12/2007, -3/+3So it's charity, but only to muslims (and those who are about to become muslim)

      Seems rather limited charity. Better than other religions, sure, but still.
    • koguma, on 10/12/2007, -0/+8amoo3/Amir,

      You are incorrect in the assumption that the receiver must be Muslim to receive the benefit of Zakat. In fact, you can take the money and give it to any charity organization you want as long as it benefits the needy.
    • zephc, on 10/12/2007, -8/+3"All those people must be Muslim in order to receive Zakah except those on the brink of accepting Islam. "

      I'm on the brink of converting to Islam too! Where's my money? This brink may last a few decades...
    • CeeJayDK, on 10/12/2007, -0/+2IMO charity that you do not give freely of your own will and initiative , but rather because you are expected to or others collect from you for this purpose is not charity at all, but rather a tax, that you must pay in order to stay within the law or give to avoid feeling guilty.

      I feel its there is a difference between a man who does good selfless deeds to be kind to others , and a man who does good deeds to buy his way into heaven , as the latter is doing so for selfish reasons.
    • Blah_Blah_Blah, on 10/12/2007, -0/+1I think you are wrong on some parts. There arent any charity collectors. You do so of your own will and God knows how much you gave.

      Also, you can give charity to non-Muslims. I can put 2.5% of my yearly savings in a cancer foundation without anyones knowledge and that would count.
    • amoo3, on 10/12/2007, -0/+1koguma,

      Zakah can only be given to those eight categories that I posted above. Sadaqah on the other hand, which is not obligatory but the next closest thing to obligatory (Strongly, strogly recommended), can be given to anyone.
  • snowbooch, on 10/12/2007, -13/+5eh, i really don't see how what was just described meets the spirit of the law anyways

    but it is unfortunate that this interpretation of these beliefs objects to a financial model that allows for competition, innovation and progress
    • GIScope, on 10/12/2007, -10/+0progress may be to damn interests witch are the cause of bankrupts of so many families.
      That's a progressive idea I think!
    • ltmon, on 10/12/2007, -1/+14Is interest, making money from money and the whole apparatus surrounding it (brokers, bankers, insurers, advisers etc. etc.) really promoting competition, innovation and progress?

      Not a rhetorical question actually... is this kind of structure necessary to capitalism or is it all just parasitical activity?
    • uttles, on 10/12/2007, -19/+9parasitical activity? are you really serious? Are they supposed to just loan the money out of the goodness of their hearts?

      Interest is nothing more than payment for a service. They are loaning you money and you are paying them at a certain rate, which you agree on BEFORE signing the contract. It's not like they are loansharks and they arbitrarily raise rates on you or something. Islam is the religion of Ignorance and all these interest bashing comments so far sure do reinforce that statement.
    • Roger, on 10/12/2007, -11/+10@ltmon:

      Capitalism is parasitical.
    • koguma, on 10/12/2007, -6/+13uttles, you have obviously never heard of a variable rate loan... I think the ignorance you're talking about is coming from you.
    • uttles, on 10/12/2007, -15/+8Again, you have a choice to get a variable rate loan if you want it. There are advantages and disadvantages. There is no surprise to it. Nobody is forcing you to get a VBR. Why is personal responsibility such a hard concept for people to grasp?
    • ylph, on 10/12/2007, -2/+5@ltmon

      In simplest terms, interest is one way of compensating for risk. If there was no interest, then people would have little incentive to lend money (it would always be safer to keep money if you have it, than to lend it out, since when you lend money out, there is always some chance you will not get it back) This would remove a huge supply of capital from the economy, meaning there would be less money around to start companies, buy real estate, etc. The more risky it is to loan money to someone, the higher the interest rate a lender would charge, the actual rate being determined by the markets and actual supply vs. demand for risk. The concept of being rewarded for taking risk is a key principle of capitalism.

      Whether you believe in capitalism or not is a separate issue - it is hard to dispute that capitalism provides a very (if not most) efficient way of allocating capital in the economy which enabled the huge expansion of western civilization over the past few centuries - however there are many negative side effects, and to what degree you consider the end result to benefit society as a whole is certainly debatable. Then again, many of the alternatives that have been tried have had a lot less appealing results..
    • willcode4beer, on 10/12/2007, -1/+1Funny how the "anti-capitalist" are making posts on computers which are a result of capitalism.

      All of the anti-capitalist countries on the planet are broke. The capitalist one are the ones producing the most, possesing the highest productivity, higher standards of living, least amount of disease, and donate the most money to the poor.
      Look at China, once they turned capitalist, their economy started taking off.
      Russia, when they turned communist, everybody's standard of living dropped.
      Before mentioning how big countries skew things, look at Europe. The strongest ecnomies are in the most capitalistic countries, the weakest economies are in the least capitalistic ones.

      If you don't like capitalism, then stop buying from stores, stop borrowing money
  • CornStarch, on 10/12/2007, -11/+1error
  • LarianLeQuella, on 10/12/2007, -31/+11So, what does the Koran business model say about plowing airplanes into financial center buildings? ;)

    Oy, I can feel the digg downs coming from that one! ;)
  • uttles, on 10/12/2007, -23/+13No wonder their governments are completely inept and they can't bring their civilization out of the 15th century.
    • krinthekuz, on 09/16/2008, -15/+7exactly. it's another example of the ineptitude of religion in modern society.
    • koguma, on 10/12/2007, -1/+9KnightWhoSaysNi,

      In answer to your question. No. You agree to pay back the money, and you agree to a fixed (here's the keyword, fixed) fee. Then you sign the contract.

      And no, banks aren't loan sharks. Since I've never personally signed on of these contracts I can't tell you what it says. But having lived in a Muslim country for a few years I can say that if you start missing mortgage payments, expect the reposession. And yes, personal bankruptcy is alive and well in the Muslim world as well.
    • koguma, on 10/12/2007, -5/+8uttles, you've obviously never travelled much of anywhere, have you?

      There are a number of Islamic countries that are quite technologically advanced:

      Turkey
      Malaysia
      The UAE
      Saudia Arabia


    • KnightWhoSaysNi, on 10/12/2007, -2/+8@koguma

      Fixed or not, a fee is still money. They're making money from lending money.
      They're violating Sharia rules whether they want to admit it or not.
      They're trying to fool Allah.

      (BTW, this is the wrong thread).
    • Flippin360, on 10/12/2007, -2/+4@uttles
      "No wonder their governments are completely inept and they can't bring their civilization out of the 15th century."

      I was in Saudi Ariabia last summer and they already have 3.5G cell phone networks, while here in Canada (probably US too) 3G has not even been implement. I'm not saying that they are more technologically advanced, but theyre not quite in 15th century either.
    • mindtrick, on 10/12/2007, -1/+3@koguma
      Turkey is not an Islamic country. It's a secular democracy. There's a big difference between Turkey and the other three country on your list.
    • sneeka2, on 10/12/2007, -3/+4I have been flying from Europe to Japan with three different airlines so far: British Airways, Emirates and Turkish Airlines. Emirates was by far the best, highly modern planes and great service. Turkish came in a close second place, still very very good. BA on the other hand was just terrible in comparison.

      So much for "backwards countries"...
    • CorpT, on 10/12/2007, -2/+3Oh cool. So they made their own airplane then? No? They just bought something made by an American or European company with oil money? Oh, I got it.

      Let me know when some Arabic/Muslim country starts contributing more than just oil to the global economy.
  • KnightWhoSaysNi, on 10/12/2007, -8/+15What a bunch of hypocrites. A contract to buy something from you today and sell it back to you for more money at a later date is the same thing as charging interest.
    • koguma, on 10/12/2007, -9/+12It is absolutely NOT the same thing as charging interest. It doesn't get compounded. Go ahead and miss a few payments on your credit card, you'll see how fast your interest rate goes up, and how they compound your missed payments. How is that the same?

      An Islamic loan is a contract. Nice and simple. The lender agrees to lend you $X, you agree to pay back $X+$Y. No surprises.
    • uttles, on 10/12/2007, -22/+11koguma, there are no surprises with your credit card either. The terms are plain and simple. If you miss payments and are charged penalties, it's because YOU spent too much money. It's called PERSONAL RESPONSIBILITY, a concept that is fundamentally anti-Islam, which relies on the "will of Allah."
    • Roger, on 10/12/2007, -10/+13@uttles:

      Can't you have one intelligent, adult discussion without resorting to Islam bashing?
    • koguma, on 10/12/2007, -4/+9uttles, I wasn't talking about surprises. That's something you get from the mirror.
      What I was talking about in more general terms, are the games banks will play. Sure, you can agree to it, and I'm sure YOU'VE read all the fine print. But as I wrote earlier, take a variable rate interest loan if you want surprises. Surprise! Interest rate is higher. Or, what about an interest only loan? Surprise! You can't afford your house anymore after 5 years.

      Sure, everything is about personal responsibility. It starts with giving a damn about other people, which non-Islamic banks are even worse at. At least Islamic banks are governed by an extra code of ethics whereas all a regular run of the mill bank is just governed by greed.
    • KnightWhoSaysNi, on 10/12/2007, -10/+5@koguma

      The prohibition against making money from money is still being ignored. No?

      BTW, loan sharks have simple terms too: "I give you X now and you give me Y by next Friday (or kiss your kneecaps goodbye)". I'm willing to bet Islamic loans have penalties for non-payment (chopping off a limb or something).


  • ltmon, on 10/12/2007, -0/+8Muslims (espc. those living in western countries) still need a place to live, and therefore often need a mortgage.

    To get around this an Islamic Mortgage is often used, which is a way of compensating the lender/purchaser in a form other than interest: http://en.wikipedia.org/wiki/Mortgage#Islamic_mortgages
  • Berkana, on 10/12/2007, -12/+4The article says that an investment group that followes Islamic finance rules bought Church's chicken. Ironic, I think. I'm half expecting/dreading the name change: Mosque's Chicken.

    ^_~
  • Berkana, on 10/12/2007, -19/+12So, investing in alchohol, weapons, gambling, porn, and pork are forbidden. . . what about terrorist organizations? Plenty of Islamic funds go to support groups that bomb and kill civilians.

    And don't anyone dare say that one man's terrorist is another man's freedom fighter. "Terrorist" and "freedom fighter" are not mutually exclusive, nor do they necessarily have to overlap.

    For example: Ghandi was a non-terrorist freedom fighter. The Ku Klux Klan riders were non-freedom-fighter terrorists. Algerian revolutionaries were terrorist freedom fighters.

    And in any case, you'd have a tough time arguing that those who want to impose Sharia are fighting for freedom; under Sharia, people arguably have much less freedom. Apostacy from Islam brings a death penalty, Christians and Jews become second-class citizen dimmhis from whom the Muslims legally extort money via a tax ("protection money"), alchohol, and pork, become striclty forbidden, women must adhere to a strict dress code, saying anything that is perceived to be dishonoring to Muhammad is forbidden, etc.
    • Roger, on 10/12/2007, -7/+14Looks like the trolls are out tonight.
    • koguma, on 10/12/2007, -4/+14Berkana, where are these 'Plenty of Islamic funds' that are going to support terrorist organizations? Quick, call homeland security, you seem to know something we've missed!

      As I mentioned earlier.. try this:
      http://www.google.com/search?q=charity+without+fear

      extorting pork? I'd like some detail on how you extort pork from someone.. especially Jews, who don't have pork either..

      A dress code is imposed by all religions, whether you follow it or not is up to you.


    • Berkana, on 10/12/2007, -12/+4Koguma,

      Don't play stupid. You know what I mean about the dimmhi tax; pork is not what they're extorting.

      Dress code is not imposed by all religions; a sense of modesty may be. However, if you look at all the places that enforce Sharia, whether you follow it or not is *not* up to you, unless you like getting beaten or otherwise enforced upon by the virtue police. This is true in Saudi Arabia, Iran, Afghanistan, and Tribal areas of Pakistan. In Najaf, Iraq, there is no offical enforcement, but the people in the city collectively enforce it by harassing non-conformists in the name of Islamic law.
    • RandomGuySteve, on 10/12/2007, -1/+4I'd personally be afraid of ANY strict theocracy. I'm not against goodwill toward others, or societal welfare in general, but a good government is one that is filled with logically sound people.
    • willcode4beer, on 10/12/2007, -0/+1"Dress code is not imposed by all religions"
      ok, true.
      But, it is imposed in Christianity, Judaism, and Islam
      I think its optional in Pastafarianism
  • ga7sh, on 10/12/2007, -5/+10uttles you're a ***** moron. shut your ***** mouth
  • Berkana, on 10/12/2007, -9/+2As for islamic funds going to fund terrorists, consider the islamic charities that have been banned due to their financial contributions to groups such as Hamas (yeah, they provide clinics where people need them, but if pork/alcohol/etc isn't halal enough to even have your money touch it, how can the charities dismiss Hamas' other activities and give them money when obviously some of the money goes to such expenses?), Hizb'allah, etc.

    Behold:
    http://www.google.com/search?hl=en&lr=&q=islamic+charities+terrorism
    • mr100percent, on 10/12/2007, -0/+6There are thousands of Charities, and one or two were banned because they were "accused" of funding terrorism. I can count on one hand how many were banned. How many Irish charities were banned for funding the IRA? Pat Robertson openly supports Ugandan terrorists, the Lord's Resistance Army.
  • simmonsdd, on 10/12/2007, -9/+14 koguma
    This must be some new kind of freedom I'm unfamiliar with - freedom to do what you are told.
    "A dress code is imposed by all religions, whether you follow it or not is up to you."
    Yes I guess a woman under sharia does have the freedom to not wear a burka, it's up to her if she wishes to be stoned in the town square.
    • freedomme, on 10/12/2007, -8/+2no no no, a woman that does not want to wear a burka is not stoned in the town square. Stoning in the town square is for adultrous woman.

      So anyway, syariah rules is a very complex and broad subject. It is debated, revised and interpreted by religious leaders around the world.

      Some of the comments i read here contains urban legends, simplication or an outright quote from a layman's blog. You all could make assumptions all you want, but in the end it will remain just assumptions. But it'll probably increase confusion, ignorance and generalization about Islam.

      This in turn, contribute to hatred for Islam. Hate breeds hate.

      ....what was my point again? i forgot ...They Hates Our Freedom!!
    • koguma, on 10/12/2007, -4/+7simmonsdd, it is a shame when people mix culture with religion. Something that Islam forbade, but which is quite overlooked. Yes, in some ass backwards countries a woman would get stoned to death for not wearing a burka. That's a sad fact of of ignorance and the affect of culture. The woman would get stoned not because of Islam, but because of the culture of the people who call themselves Muslim. Muhamamd was always against culture as the cultures during his time were quite opposed to women.

      You give an extreme example. Take a concrete example from a moderate Islamic country. Malaysia is an Islamic country. Yet, Christians, Bhuddists, Muslims and Sikhs all peacefully coexist. The burka is pretty much a fashion accessory and not mandatory. No one gets stoned. I would think Turkey would be the same way.

      Let me ask you this. Would a Buddhist who did not shave his head be accepted among his peers? What about a nun who would not wear a habit? These are in fact personal choices that we make when we decide to embrace a religion.
    • CorpT, on 10/12/2007, -0/+2Except that Buddhists and Catholics don't stone people for adultery like Muslims do. Your analogy is bunk because Muslims are much more violent towards infidels and those that do not adhere to their customs/religious beliefs.
    • freedomme, on 10/12/2007, -0/+0You Insolent Infidel! You Look At Muslim's Law And Critisize It Saying That Stoning Adultrous Woman In The Town Square Is Bad, Cutting A Thief's Hands Is Bad, Hanging A Rapist Is Bad! Yet You Infidels Do Not Realize That These Laws You Are Fighting Againts Are Laws To Punish The Scum Of The Earth. These Are Rules That Will Remove The People That Need To Be Removed From The Society! These Law Ensures That They Will Be No More Adultry, Theft And Rape In The Society. This Is Proven By The Very Fact That You Yourself Find That The Punishment Is Heavy Handed! Think About It For A Moment Infidel! Will You Steal Knowing That You Will Lose Your Hand If Caught? Will You Ass ***** Your Neighbour's Hot Wife Knowing That She And You Might Die Being Stoned By Your Neighbours!? The Very Same Neighbour That You Go Fishing And Watch Superbowl With? (Imagine The Shame!)

      You Infidels Inadvertly Promote Such Criminal Behaviors By Playing Down The Punishment That Should Be Carried Out!

      Every Rules Have It's Reason! Even The Ones That Seemed Cruel, Injustice And Barbaric.

      This Is Justice In It's Truest Form!

      Now Infidels! Do Not Argue To Me That These Rules Might Cause The Wrongly Accused To Suffer Harsh Punishment! The Harsh Nature Of The Punishment Requires Undeniable Proof To Be Presented Before Judgement Be Set! Muslim Law Is Unlike Backward Village Law You Hear Those Hindus Use In India! It Is As Sofisticated And Meticulous As You Own Heritical Court Houses! Without Those Two Tounged Lying Lawyers Of Course! And Also Without The Heritical Concept Of Blind Justice! What Is That Anyway!? Can Any Of You Infidels Tell Me?

      Now Listen Infidels! I Do Not Condemn Your Infidel Law Without Giving You Infidels Any Chance To Redeem Yourself! Embrace Islam! And You Will Guaranteed To Have Justice!

      Leave That Law You Are So Proud With! The Very Same Law That Punish Murderers, Rapist and Thieves By Sending Them To The Club House They Call 'Jail'. Leave The Laws That Protects Adultress! Those Dirty Women Are Emboldened By Your Lack Of Justice That Your Own Son Might Have Been Born By Your Neighbour Harv's Reckless Sowing!

      Heed My Words Infidel! Heed It!
  • nashashmi, on 10/12/2007, -2/+3Lets put this straight. The article goes over very little in terms of what Muslims are allowed to invest in. It is merely a small note, not a news article. I once remember the Star-Ledger's Business section did like a 2-4 page research article into this. By the way, back then there was this one Dow Jones Islamic Fund. Now there are several.

    One last note. I pondered on this interest thing and why its bad. If you think about it, you are creating artificial money. First you lend money that really belonged to someone, you charge interest, and you tell the person whose money you used to lend that he still has all of the money in his account. You know what that is? Double counting plus interest. The recipe for inflation.
    • koguma, on 10/12/2007, -0/+1nashashmi, also under Islamic law, you're not allowed to gain more than 100% profit.
    • Urusai, on 10/12/2007, -1/+2But modern economic wackos think inflation is good! So is unemployment, poverty, and hiring economists to explain your administration's policies promoting same.
  • Koosebane, on 10/12/2007, -1/+3I severely doubt Christians or Jews would be allowed to have their own discussion thread on digg without being trolled and buried.

    You all will have to get used to it if you insist on discussing religion on the internet.

    It's some unspoken rule the anti religious trolls have adopted. Not sure why.
  • vaduzl, on 10/12/2007, -6/+1Yes, using money to make money was bad idea 1000 or 5000 years . Maybe the human race figure out better ways of doing things?

    Please humans , use religion of people who had no technology to govern your life .
  • campstriker, on 10/12/2007, -5/+1What is it up with the people here at Digg and the Islamic Religion??? There is like a bunch of diggs of storeis about muslims and a lot of links. What are you trying to prove anyway? on one digg, you are insulting their religion and then your questioning it and just saying stuff at it.
    I just wanna know, what are you trying to prove? and if you swear at me for asking this, then you can suck my c*ck.
    • freedomme, on 10/12/2007, -0/+2Let's Spread Love And Understanding!
  • JoeyDeacon, on 10/12/2007, -4/+6I ***** hate religion. Can we stop talking about this nonsense please
  • esourcemag, on 10/12/2007, -0/+1America... F8uck Yeah!!
    http://www.youtube.com/watch?v=uao99SN2x_E&mode=related&search=
  • mousky, on 10/12/2007, -2/+4Who gives a ***** what some silly fictional books say? Religion is the root cause of all evil. Want to make the world a better place? Ban all organized religion. Let people focus on spirituality not religion.
  • MrPeach, on 10/12/2007, -0/+0Religion is insanity, and all rules that flow purely from that insanity are therefore insane.
  • anosmii, on 05/03/2008, -0/+0Sharyah yes! http://islamicbankinginfo.blogspot.com for more info
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