Article

2005-06-22 Terror Networks & Islam

New International Moslem Bank to be formed

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Posted by mhw 2005-06-22 13:44|| || Front Page|| [11135 views since 2007-05-07] Top

#1 Do you suppose the inconvenience of the Western banking system's unfortunate habits of freezing terrorist funds and providing audit trails to help Western governments track down terrorists and their paymasters has anything to do with this? It is properly Islamic to aid terrorists by giving them their own bank.

Posted by RWV 2005-06-22 14:41|| 2005-06-22 14:41|| Front Page Top

#2 Frankly, I think the terrorists have alternate financial channels plus they get funds from extortion, kidnapping, blackmailing the euroweenies and the like. I suspect this new bank, assuming it is real, would go to some effort to assure itself that it was clean terrorism-wise.

Posted by mhw 2005-06-22 15:14|| 2005-06-22 15:14|| Front Page Top

#3 Hope you are right, but given the penchant for corruption and venality in that part of the world, I think that I will wait a few years before I believe it.

Posted by RWV 2005-06-22 15:33|| 2005-06-22 15:33|| Front Page Top

#4 The reason Islamic banks don't do well has nothing do with the Islamic prohibition on charging interest since interest is it just called fees, and everything to do with the fact devout muslims are poor credit risks. Inshallah anyone?

Posted by phil_b 2005-06-22 16:59|| 2005-06-22 16:59|| Front Page Top

#5 i wonder if i can get a credit card through them so i can live nice for awhile and fuck em over?

Posted by Thraing Hupoluper1864 2005-06-22 17:10|| 2005-06-22 17:10|| Front Page Top

#6 Twenty-seven OIC members are classified by the World Bank as low-income nations while 21 are severely indebted, he said.

Yep, a real impressive client base, high rollers, all of 'em...

Posted by Raj 2005-06-22 18:15|| 2005-06-22 18:15|| Front Page Top

#7 Run up a sky-high tab?
Can't figure out how to pay it back?
Just declare that the bank people are not true believers, promise them anything, and you can walk away with a clear conscience.

I would quote the bit about lying to infidels in the K'q'o'r'a'n, but I think that mine got flushed by someone.

Yeah, this bank is going to go far, real far.

Posted by Alaska Paul">Alaska Paul 2005-06-22 18:20|| 2005-06-22 18:20|| Front Page Top

#8 What Thraing say

Posted by half 2005-06-22 19:08|| 2005-06-22 19:08|| Front Page Top

#9 the knots they tie themselves into to get around the interest prohibition are hilarious. Fees, escalated payback contract, call it what you like. Mo just didn't wanna pay his way. Friggin cheap prophet if you ask me...pedophile as well...

Posted by Frank G">Frank G 2005-06-22 21:42|| 2005-06-22 21:42|| Front Page Top

#10 They can call it "fees" or anything else they want to, it's INTEREST.

They must think Allen is an awfully stupid god not to notice their games.

Posted by Barbara Skolaut">Barbara Skolaut 2005-06-22 22:47|| http://www.ariellestjohndesigns.com]">[http://www.ariellestjohndesigns.com] 2005-06-22 22:47|| Front Page Top

#11 I've also heard of cases where people leasing equipment to customers in the Middle East wake up one morning to find out a local mullah has declared the lease payments to be "interest" and therefore the customer can keep the equipment but doesn't have to make any more payments...

Posted by Phil Fraering 2005-06-22 23:26|| http://newsfromthefridge.typepad.com]">[http://newsfromthefridge.typepad.com] 2005-06-22 23:26|| Front Page Top

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