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Islamic banking in US, your thoughts?

 
stargazer
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User ID: 843343
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12/30/2009 03:18 PM
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Islamic banking in US, your thoughts?
Islamic banks are a growing business within the UK and now they’re in US.
( [link to www.usatoday.com] , [link to www.deseretnews.com]

Now with the economic crisis, do you guys think that alot of people may change banks to the Islamic banks as they are different and they seem like a better option? I keep hearing about how banking bosses from other banks and their employees are earning huge bonuses during the recession and while hardworking taxpayers are struggling to pay their bills and consumers aren’t happy.

I’m getting the feeling that, there might be a more sinister reason for introducing the Islamic banks in the UK and US as the illuminati and other elite groups are scheming to achieve the nwo agenda. Islamic banking is looking more attractive to consumers such as non-muslims during this time.

What do you glp members think of this?

Interesting youtube videos on Islamic banking:

The Great deception - "Islamic Banking"! Muslims *MUST SEE*


Are Islamic Banks really Islamic? Dr Zakir Naik Part 1/2


Are Islamic Banks really Islamic? Dr Zakir Naik Part 2/2



Now I don’t think Islamic banks are owned by muslims, but possibly the illuminati.


More info on Islamic banking:

Islamic banks are different from other banks as they are shariah compliant (compliant with islamic law), meaning they have an ethical stance. So basically none of its funds can be used for activities associated with tobacco, alcohol or pornography, for example.

There a growing no. of non-muslims in the UK who open an account with them (for an example, see this article: [link to www.thisismoney.co.uk] )

Also they don’t charge interest as it is forbidden in Islam. The way the bank makes money is when for example a customer has a Sharia or Halal savings accounts, they work by putting investors' money into 'real' commercial transactions such as buying a stake in a company, then sharing rewards with account holders.

In the UK, Islamic home finance plans follow the principle of 'diminishing Musharaka' - which means the bank buys a house on your behalf. You then pay rent to the bank each month, plus an extra payment to buy a small share in the property. Gradually, the entire home becomes yours. They have attractive offers.

Also I read that the Islamic bank in the UK has higher returns compared to some competitors.
( [link to uk.biz.yahoo.com] , [link to www.bankingtimes.co.uk]
Anonymous Coward
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12/30/2009 03:19 PM
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Re: Islamic banking in US, your thoughts?
no
stargazer  (OP)

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12/30/2009 03:49 PM
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Re: Islamic banking in US, your thoughts?
bump
Grizzled Old Goat

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12/30/2009 03:55 PM
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Re: Islamic banking in US, your thoughts?
Anything BUT Islamic banking..


Thbbbpt!
Anonymous Coward
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12/30/2009 03:57 PM
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Re: Islamic banking in US, your thoughts?
Anything BUT Islamic banking..
 Quoting: Grizzled Old Goat



No, TPTB must be paid as much usury as possible, for how else will they be able to enslave humanity without people paying for it themselves.
stargazer  (OP)

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12/30/2009 06:35 PM
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Re: Islamic banking in US, your thoughts?
Anything BUT Islamic banking..



No, TPTB must be paid as much usury as possible, for how else will they be able to enslave humanity without people paying for it themselves.
 Quoting: Anonymous Coward 852852


what is TPTB short for?
Anonymous Coward
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12/30/2009 06:47 PM
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Re: Islamic banking in US, your thoughts?
Anything BUT Islamic banking..



No, TPTB must be paid as much usury as possible, for how else will they be able to enslave humanity without people paying for it themselves.


what is TPTB short for?
 Quoting: stargazer


It stands for "The powers that be", or as I call'em "the powerless that be" (i.e: Zionist bankers).
Anonymous Coward
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12/30/2009 06:52 PM
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Re: Islamic banking in US, your thoughts?
It (real Islamic finance) should happen but will never be allowed to happen, unless God wills otherwise.

There are 5 pillars of Islam, but in the Muslim world today there are only 4 pillars. Muslims at present are missing a pillar. People who consume usury and interest are in the Fire. If Muslims rejected Western fiat currency tomorrow, then Western civilization along with the military industrial complex falls to pieces. The Zionist economic model is powered by the compounding interest equation, which demands consumption greater than previous consumption. It's impossible for such a model to sustain itself; the financial system will implode because humanity disobeyed the Commandment of Allah.
Emmeric

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12/30/2009 06:54 PM
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Re: Islamic banking in US, your thoughts?
If it follows the Quran, then Islamic banking would be a no-brainer best option compared to the fiat usury income stream the kabbalist euro-american banking cartel uses.
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Grendelmort

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12/30/2009 06:55 PM
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Re: Islamic banking in US, your thoughts?
Start a Ramadan Club account and get a free AK !
"God sent me to piss the world off"
Anonymous Coward
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12/30/2009 06:58 PM
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Re: Islamic banking in US, your thoughts?
Well the funny thing is, REAL Islamic banks are actually not allowed to ask to set an interest-rate.

However, if they wanna get a banking-licence here in Europe they are forced to set an interest-rate.

Hell, to be honest, if it were a REAL Islamic bank even I would have taken my business to them.
Emmeric

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12/30/2009 06:58 PM
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Re: Islamic banking in US, your thoughts?
Start a Ramadan Club account and get a free AK !
 Quoting: Grendelmort

1rof1
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
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12/30/2009 06:59 PM
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Re: Islamic banking in US, your thoughts?
I wonder if their money is explosive? lmao!
Anonymous Coward
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12/30/2009 07:02 PM
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Re: Islamic banking in US, your thoughts?
I wonder if their money is explosive? lmao!
 Quoting: hawk8414


No, only fiat currency is "explosive", such as the USD, CAD, EURO, etc...
Anonymous Coward
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12/30/2009 07:22 PM
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Re: Islamic banking in US, your thoughts?
We should be using old testament banking laws which are quite similar to islamic ones...But the jews and christians seem to be in love with the elite banker's interest based system that must crash every so many years and reset.
Anonymous Coward
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12/30/2009 07:24 PM
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Re: Islamic banking in US, your thoughts?
Banking is the best thing about Islam. That and Shwarma.
Anonymous Coward
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12/30/2009 07:50 PM
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Re: Islamic banking in US, your thoughts?
Why don't we try free-market banking with real free-market money?

There is no reason to choose between ponzi fractional reserve "banking" with counterfeit money (the current system) and "Islamic banking".
Anonymous Coward
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12/30/2009 07:52 PM
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Re: Islamic banking in US, your thoughts?
"Islamic banks are different from other banks as they are shariah compliant (compliant with islamic law), meaning they have an ethical stance. So basically none of its funds can be used for activities associated with tobacco, alcohol or pornography, for example."



If this Islamic banking system gained enough control, it could put many companies out of business. Obviously, a companies would lose investors if they sell alcohol or tobacco. I don't agree with porography, but who decides what's pornographic? Men who cover women from head to toe? To them a fashion magazine might be considered pornographic. There are also other businesses that would be impacted even if the businesses aren't mainly selling alcohol or tobacco. For example: A company might have a division which manufactures cereal and also a division that bottles wine. If that company wanted investors it would have to close its wine bottling division and that would put people out of work. How about resturants that sell alcohol? I read of a case in the U.S. in which the main share holders of a property company used sharia banking and they decided not to lease space to any resturant that sold alcohol.

Sharia banking may look attractive to the consumer in the short-term, but long-term it would greatly impact our economy in a negative way. Then again Osama bin Laden did say that he would destroy the U.S. by destroying our economy.
Anonymous Coward
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12/30/2009 07:53 PM
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Re: Islamic banking in US, your thoughts?
accept dinar only for american hookers :D
Anonymous Coward
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12/30/2009 08:02 PM
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Re: Islamic banking in US, your thoughts?
Its just another way for them to take over.





GLP