Submit your comments on this article |
Olde Tyme Religion |
Are Finance Charges In Islam's Interest? |
2007-07-28 |
Posted by:ryuge |
#2 So, this entire kabuki dance is being performed to maintain a spurious reading of the Koran that was made in order to justify the creation of Pakistan. All the more reason to dismantle Pakistan as a failed state then divide it between India and Afghanistan. That the entire Muslim world is being financially retarded in order to maintain this facade is a Gift from G-d. Not just financially either. Institutionalized consanguinity contributes to much higher rates of mental retardation and other birth defects. In the same year, Kabiri (1995), in his article on the frequency of phenylketonuria The retrograde nature of Muslim culture in general just one of many reasons why it has to be thrown under the wheels of progress. I remain convinced that Islam's long history of inbreeding also contributes to a predisposition for violence, psychosis and ease of programming. If so, this would almost form a basis for terrorism being a congenital birth defect. Worst of all is how Islam's financial and mental retardation downgrades the entire world's economy and quality of life. Islam is entirely bereft of any redeeming features and stands in need of extinction. From all indications, it appears as though refusal to abandon Islam and its intrinsic violence will earn Muslims the privilege of joining in that extinction as well. |
Posted by: Zenster 2007-07-28 15:55 |
#1 Islamic scripture condemns riba, an Arabic word meaning excess, which is commonly interpreted as usury. Some Islamic law scholars assert that all interest is prohibited. Others say that only excessive interest is prohibited and that interest is an indispensable part of society that a logical God wouldn't condemn. Makes sense: If I recall correctly, Tennessee declares interest rates over 21% as Usury, and some loans I took out while there had disclosure sections where the effective interest rate figures were given. The problem with the interpretation is that the Koran never specifies a solid figure for what constituted "excess interest". The Torah is more clear, requiring zero interest to fellow Israelites, but allowing interest to be charged to everyone else. Throughout history, interest was common in the Islamic world in places such as the Ottoman Empire, Kuran said. Controversy over the practice emerged only during the 1940s, when Indian Muslims cited the need for an interest-free banking system as one reason they needed a homeland separate from Indian Hindus, Kuran said. So, this entire kabuki dance is being performed to maintain a spurious reading of the Koran that was made in order to justify the creation of Pakistan. That the entire Muslim world is being financially retarded in order to maintain this facade is a Gift from G-d. Industry advocates counter that even if some financial transactions serve the same purpose as interest, that doesn't mean they are forbidden by Islam. Actually, this is very true: My going out and killing someone would be called murder, but if I executed him after he was convicted of, say, treason in a court of law, it's not murder. However, the goal of the trial is to establish that the individual merited the death penalty. The ban in the Koran is absolute, and this debate is another kabuki dance to get around it. Since Mohammed was the last prophet, there's no sending a Memo to Allah asking for a clarification, since the answer would have to come back via a prophet to be valid. O Muslims! You are STUCK! |
Posted by: Ptah 2007-07-28 10:32 |