Religion and Banking

[Kennedy 0]

This is why religious leaders should stay out of government and financial policymaking.

Vatican calls for global authority on economy, raps “idolatry of the market”
The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises

Libya, Sharia:
Adbul-Jalil announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[DesertAttorney 0]

Vatican: Stop protecting clergymen who diddle little kids, and perhaps your yammering may be relevant.

Islam: Stop throwing acid on women who refuse to wear a veil and perhaps your yammering may be relevant.

[jclalor 12]

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Libya, Sharia:
Adbul-Jalil announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

[Coreece 190]

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This is why religious leaders should stay out of government and financial policymaking.

Vatican calls for global authority on economy, raps “idolatry of the market”
The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises

Libya, Sharia:
Adbul-Jalil announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

Wow...Jay, Ron...Look It's happening!

Not that I'm suprised...

Your secrets are the true reflection of who you really are...

[RonD1120 62]

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This is why religious leaders should stay out of government and financial policymaking.

Vatican calls for global authority on economy, raps “idolatry of the market”
The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises

Libya, Sharia:
Adbul-Jalil announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

Wow...Jay, Ron...Look It's happening!

Not that I'm suprised...

If only we could agree on one world religion, one world government, then we would have peace and harmony. If it ever happens, I would give it about 3.5 years to completely crumble into chaos, misery and war.

Look for the shiny things of God revealed by the Holy Spirit. They only last for an instant but it is a Holy Instant. Let your soul absorb them.

[TriGirl 318]

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If only we could agree on one world religion, one world government, then we would have peace and harmony.

And if everyone would just put down their guns there would be no war!

See the upside, and always wear your parachute! -- Christopher Titus

Shut Up & Jump!

[TriGirl 318]

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Not paying or charging interest has always been a central tenant of Islam.

http://halalinc.com/index.shtml

However, incorporating a fee to the owner of the property (in this case the "financial institution") from the buyer, into the overall price, is acceptable. If someone puts their own money out there so someone else can pay the price over time, then the person providing the original money is entitled to compensation, or a fee for somone else to use his advance capital.

Additionally, according to the website you provided, even though "foreclosure" is not initiated, the homebuyers are in a "rent-to-own" situation. If they don't pay their rent (or regular payment), is the penalty eviction? or do they get back all the money they paid toward the purchase? Purely rhetorical questions -- just wanted to point out that it is still possible for the financiers to make money without calling it "interest".

See the upside, and always wear your parachute! -- Christopher Titus

Shut Up & Jump!

[Skyrad 0]

While they're at it maybe the Vatican would like to tae on global child protection as well.

Having said that maybe the Vatican should go a step further and become the world bank, lets face it they're the only western country that isn't in the financial dodo.

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[Skyrad 0]

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“In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale,”

Utter hypocrisy from the Catholic Church.

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[Skyrad 0]

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In a blow to those who hoped to see Libya's economy integrate further into the western world, he announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.
Gulf states like the United Arab Emirates, and other Muslim countries, have pioneered the development of Sharia-compliant banks which charge fees rather than interest for loans but they normally run alongside western-style banks.

Two points, firstly why would any country in its right mind want to integrate with the western banking system at the moment. Unless people failed to notice the western banking system is at the point of collapse.
Secondly, the way the Islamic banking system works may comply to the letter of Sharia law it does not comply to the spirt of the law. There is no real difference between charging a fee over a fixed term or applying interest, its simply semantics.

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[Skyrad 0]

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This is why religious leaders should stay out of government and financial policymaking.

Vatican calls for global authority on economy, raps “idolatry of the market”
The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises

Libya, Sharia:
Adbul-Jalil announced that in future bank regulations would ban the charging of interest, in line with Sharia. "Interest creates disease and hatred among people," he said.

Wow...Jay, Ron...Look It's happening!

Not that I'm suprised...

If only we could agree on one world religion, one world government, then we would have peace and harmony. If it ever happens, I would give it about 3.5 years to completely crumble into chaos, misery and war.

More likely to convert all the Athesits in the world.

When an author is too meticulous about his style, you may presume that his mind is frivolous and his content flimsy.
Lucius Annaeus Seneca

[popsjumper 2]

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Not paying or charging interest has always been a central tenant of Islam.

They just call it bribery and be done with it.

My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239