Wednesday, July 22, 2015
Sharia-compliant Mortgages, Loans
Seattle officials join push for Sharia-compliant mortgages, loans
A proposal in Seattle meant to increase home ownership among Muslims by offering financing compliant with strict Islamic law -- known as Sharia -- is gaining ground in the latest test for local leaders trying to accommodate diverse religious beliefs.
"We will work to develop new tools for Muslims who are prevented from using conventional mortgage products due to their religious beliefs," Seattle Mayor Ed Murray said during a press conference July 13.
"Sharia," which comes from the Koran and means "the right path," prohibits the payment of interest -- the primary way lenders earn. Many of Seattle's 30,000 practicing Muslims, therefore, are hard-pressed to find Sharia-compliant financing options when buying homes, making large purchases or starting a business.
http://www.foxnews.com
Another example of the softening of America. Why should they get special loans for homes and business, when the rest of us can't. Under their law they don't pay interest. I wonder how many idiots will see this and say "I want to be Muslim".
Stay Safe and Keep Prepping.....
.
Subscribe to:
Post Comments (Atom)
10 comments:
As a child of the Depression, my father did not believe in borrowing money. He and my mother borrowed very little for the only home they ever bought together and they paid it off within five years. NO ONE EVER CARED as to what his beliefs with regard to borrowing money were. Sharia loans are absurd.
This is so wrong. Our panty wearing politicians have wrecked our country beyond repair (FUBAR). What's wrong with simply saying no to all these immigrants and their demands. Does not ONE politician except Trump have the spine to say and do what's right for our country?
And Trump is not even a politician, actually. Our "representatives" have been bought off to enrich themselves. Sharia law should be banned in this country, Period
Hey don't ya know the problem is and the answer to your question is because you're white.
It's also a form of religious discriminations to those that are forced to pay interest and don't want to lower themselves to declare themselves as Islamist.
When we go to another country we are expected to abide by their traditions, rules and laws. The fact that anyone is even considering changing the rules to accommodate Muslims or any other group of people is unconscionable. If the rules are good enough for us as American citizens, they certainly should be good enough for anyone else.
Jane that last loan I had was back in 1983 for a car. My wife and I have never had to borrow money from a bank. We have rented but not by choice either.
Trump could get elected as he speaks his mind, many others don't like that. After all he is an outsider.
Our elected officials are often bought by big money and unions. I think even Obama as pissed off the unions. XL pipeline comes to mind the unions want it and he still says no.
A friend of mine had a saying back in the day of welfare reform.."Black is black they want their welfare back. They all thought Obama was the next coming of Jesus himself, he even shifted his own people. He's black but his policies are white liberal.
Isn't that right. The biggest problem I had in Florida was all the idiots who spoke spanish and thought we should too. I could do a whole post on that alone. My oldest work at Red Lobster as a server and had a party of four leave as they only spoke French and not one other employee did. Disney has employees that do so they thought RL was the same way.
A niece lived in Germany for a year, even though many spoke English she still learned German
Post a Comment