monlockandkey

14 ms·

1. 151.▲
   by monlockandkey 4y ago

   There is risk, but it is not as risky as an investment where you sink and swim together. With a conventional loan, if your borrower sinks, they still owe you the money. Lender would have collateral to possess. There is still an outstanding
2. 152.▲
   by monlockandkey 4y ago

   With that attitude you would need to condemn democracy as it is a 2500 year old system that we championt to run our modern political agenda. Maybe we would not be in this mess in the first place if we sustained insights of the past.
3. 153.▲
   by monlockandkey 4y ago

   None. There is no Muslim majority country on Earth at this moment which fully abides by Sharia. There are some Islamic laws here and there mixed with secular rulings. As such Muslim countries of today unfortunately engage with interest. The
4. 154.▲
   by monlockandkey 4y ago

   This is why interest is harshly condemned in Islam. One of the major major sins with servere punishment. Is it an evil which keeps the rich richer and the poor poorer (and miserable). Islamic finance is the solution to a balanced and fair e
5. 155.▲
   by monlockandkey 4y ago

   "He who created seven heavens in layers. You see no discrepancy in the creation of the Compassionate. Look again. Can you see any cracks?" - Clear Qur'an "[And] who created seven heavens in layers. You do not see in t