I eat vegan, so whether I want to or not, my food is halal by definition and so fully conformant to Shari'a. Terrible, innit. Maybe it's time to ban vegan dishes from restaurants?
Canadians vote 82% against sharia law banks
- Thread starter dumpthemonarchy
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I eat vegan, so whether I want to or not, my food is halal by definition and so fully conformant to Shari'a. Terrible, innit. Maybe it's time to ban vegan dishes from restaurants?
One interpretation? Seriously...give me another interpretation?
What does your diet have to do with bank loans?
No more than it has to do with lapidation. If I loan you money at 0 interest,whetehr i call it halal or not, it is halal by definition, and thus fully conformant to Shari'a. So, if we ban Shari'a altogether, we'd be banning a lot of stuff, including vegan restaurants since they conform to Shari'a too whether they intend to or not.
no we're not, dumb a$$.
That's as stupid as saying that since Catholics eat fish on friday anyone that eats fish on friday is Catholic.
My point is that if you ban Shari'a banks just because you don't like anything Shari'a, then by the same token, immagine how many other things we could ban on the same grounds.
Now, if the issue is with the name Shari'a (i.e. as long as you don't call it Shari'a and just 0-interest or some other term that then it's all OK), then I guess we should ban the name halal from meat too, no?
And by the way, Jer, I'm not a donkey.
I'm still not sure why so many seem to have a problem with banks giving loans at 0% interest. I would be more inclined to buy a few things I want without saving up to buy them for cash. It might stimulate the economy if we all made more purchases.
A "Sharia" bank would not be giving 0% interest loans to anyone, and anyone that thinks they do is an idiot.
no dumb a$$, it only works that way in your own tiny little mind.
They get their profits from calling it something other than interest sure but it seems from some of the posts here that certain people have an issue with 0% loans. I happen to think they are a great idea and good for the entire economy...except for the shareholders in the banks.
This is pretty clear. IMO, it's just another way of banking; like credit unions, trust companies, banks, etc. are all different. I don't see a big deal.
How does ‘Sharia Finance’ Differ From Regular Lending | Words about things.
How does ‘Sharia Finance’ Differ From Regular Lending | Words about things.
pretty much....but.......
My concern would be the circumvention of Canadian Law concerning interest rates.If they list the interest on a 10,000 loan as 0% over 2 years but charge 5,000 in "administration fees" then that translate out to over a 50% interest rate.
Like credit card companies do? Legalized loansharks are a caveat emptor in life anyway.
Depends on the term of the loan. If it is for 1 year then yes, the APR would be 50% but if that loan is over 10 years the APR drops to 5%
There is a cap as to what the max they can charge in interest. Whether it be simple or compound.