If you refuse your bank manager for a mortgage offer interest-free?

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Economic policy in Islam is the purpose of the legislation that the administration of basic human needs (food, housing, education, health and safety) behandeln.Prophet to Mohammad (peace be upon him) is reported to have said: “Who , his day ended with security at home, with a healthy body and with food at home has won its needs in this life. “He also says:” Allah breaks federal government with a group of people in the immediate vicinity, one of them goes to bed hungry while “Islam strictly forbids the use of money, the money, to grow, so in Islam are Wucher.Kredite on. third and as a means of worship. Allah (SWT) said that anyone who is a loan (without interest) to another person, in fact, it is a loan to Allah. In return, Allah multiplies the reward for lending Geber.Allah said: “Who is a good loan to Allah, and Allah will multiply several times”
Would you if our government would make Muslims so they can have a mortgage loan without interest? Islam prohibits charging or paying interest on government Darlehen.Hypothek Darlehen.Die Quebec just passed a law, and created a new interest-free loans for Muslims who wish to purchase the building opposite erstellen . Muslime uninteressiert.Aber pay the rest of Quebec you are interested bezahlen.Würden agree that a similar system would apply to U.S.?

12 Comments
  1. Reply
    Mustafa
    January 24, 2011 at 9:18 am

    You must go to a place like LaRiba.com for Islamic loans. There is one or two other financial institutions owned by Muslims that offer Islamic loans. However, they still make their money.

  2. Reply
    ZinedineVieira
    January 24, 2011 at 9:21 am

    You’re not as smart as your looks on avatar, Malcolm.. *lol

    Islam is an entire way of life, and Allah’s Guidance extends into all areas of our lives. Islam has given detailed regulations for our economic life, which is balanced and fair. Muslims are to recognize that wealth, earnings, and material goods are the property of God, and we are merely His trustees. The principles of Islam aim at establishing a just society wherein everyone will behave responsibly and honestly. The fundamental principles of the Islamic economic system are as follows:

    Muslims are not to deal in interest. “Those who devour usury will not stand….Allah has permitted trade and forbidden usury…. Allah will deprive usury of all blessing, but will give increase for deeds of charity….” (Qur’an 2:275-6) “O you who believe! Devour not usury, doubled and multiplied. But fear Allah, that you may really prosper.” (3:130) This prohibition is for all interest-based transactions, whether giving or receiving, whether dealing with Muslims or non-Muslims. It is reported that the Prophet Muhammad (peace be upon him) cursed those who pay interest, those who receive it, those who write a contract based on it, and those who witness such a contract.
    It is forbidden to gain property or wealth by fraud, deceit, theft, or other falsehoods. “…Give just measure and weight, and do not withhold from people the things that are their due. And do not do mischief on the earth after it has been set in order. That will be best for you, if you have faith.” (7:85)
    It is particularly hateful for a guardian to take from an orphan’s property. “To orphans restore their property (when they reach their age). Do not substitute your worthless things for their good ones, and do not devour their property by mixing it up with your own. For this is indeed a great sin.” (4:2)
    Forbidden are earnings from gambling, lotteries, and the production, sale, and distribution of alcohol. “O you who believe! Intoxicants and gambling, sacrificing to stones, and divination by arrows are an abomination of Satan’s handiwork. Eschew such abomination, that you may prosper.” (5:90)
    It is unlawful to hoard food and other basic necessities. Everyone should take what they need and no more. “And let those who covetously withhold of the gifts which Allah has given them of His Grace, think that it is good for them. No, it will be the worse for them. Soon it will tied to their necks like a twisted collar, on the Day of Judgment. To Allah belongs the heritage of the heavens and the earth, and Allah is well-acquainted with all that you do.” (3:180)
    A Muslim should be responsible in spending money. Extravagance and waste are strongly discouraged. “[The Servants of Allah are] Those who, when they spend, are not extravagant and not stingy, but hold a just balance between those extremes.” (25:67) “O Children of Adam! Wear your beautiful apparel at every time and place of prayer. Eat and drink, but waste not by excess, for Allah loves not the wasters.” (7:31)
    Payment of Zakat (alms). “And they have been commanded no more than this: to worship Allah, offering Him sincere devotion, being true in faith. To establish regular prayer, and to give zakat. And that is the religion right and straight.” (98:5) Every Muslim who owns wealth, more than a certain amount to meet his or her needs, must pay a fixed rate of Zakat to those in need. Zakat is a means of narrowing the gap between the rich and the poor, and to make sure that everyone’s needs are met.
    Muslims are encouraged to give constantly in charity. “Your riches and your children may be but a trial. Whereas Allah, with Him is the highest reward. So fear Allah as much as you can, listen and obey, and spend in charity for the benefit of your own souls. And those saved from the selfishness of their own souls, they are the ones that achieve prosperity.” (64:15-16) The Prophet Muhammad once said that “nobody’s assets are reduced by charity.”

    PS. Muhammad, PBUH himself was a trader.

  3. Reply
    Devaraj A
    January 24, 2011 at 9:22 am

    Then why you people rowing all over the world and impact on others. If you follow Allah words why you come to democratic soverighn states of the world, you have to live in allah soverighn. Dont tell any rubbish for your terrorist religion. Go and get money from allah countries why you come here and tortured us.

  4. Reply
    Ron4prez
    January 24, 2011 at 9:35 am

    Funny, Interest Is also a Sin in Christianity as well. “Interest..it’s a Jew Thing” LoL.

  5. Reply
    Noocular Steve
    January 24, 2011 at 10:21 am

    I think it is a slap in the face to the rest of Quebec. If you refuse to pay interest, then don’t buy – rent.

  6. Reply
    Manbearpig
    January 24, 2011 at 11:05 am

    I believe it is illegal to give someone better lending terms due to race or religion in the US.

    No bank would ever give anyone an interest free mortgage.

  7. Reply
    thunder.45wassuspended
    January 24, 2011 at 11:13 am

    No that is un-Constitutional, they cannot favor any religion, if the Muslims don’t have to pay interest then why should I have to pay interest?!?!

  8. Reply
    Rick A
    January 24, 2011 at 11:41 am

    Well I would read the book below if you want to know how America feels about that.

  9. Reply
    John A
    January 24, 2011 at 12:22 pm

    If they put that in place here, you would see a lot of people converting to Islam.

  10. Reply
    Bleh!
    January 24, 2011 at 1:15 pm

    Quebec has done many absurd things, but this is really unbelievable. Unless you are a hardcore Muslim, this would make little difference. Only the hardcore muslims adhere so strictly to the faith that they don’t get mortgages. So this foolishness only applies to the extremists.

  11. Reply
    TJTB
    January 24, 2011 at 1:22 pm

    This is NOT true. It’s illegal here and it’s illegal there.

    Please provide a link next time instead of spreading false and inflammatory remarks.

  12. Reply
    juano
    January 24, 2011 at 1:36 pm

    In the US there is a long tradition of usury laws. Laws that limit maximum interest that may be charged by a lender. Those laws have been almost completely gutted in favor of the free market. During the era of usury laws, a typical (legal) dodge would be for a person wanting to borrow money at excessive rates, would then form a partnership, corporation, or other type of binding legal agreement that has the effect of paying off the loan at an otherwise usurious rate. Since an ownership relationship is established for the duration of the loan, the usury laws do not apply.

    The same type of thing is done in the Islamic world, except they consider any interest at all to be in effect usurious.

    If you consider a mortgage to pass the title and deed to the new owner upon sale, and the payments simply prearranged set number of coupons at a set price to be paid at a future time, then is interest on a loan really a factor? Only the Imam knows for sure. Deeds of trust which are what is used to buy and sell real estate in the US West (generally) are more obviously loans since the buyer does not take title until the property is paid off. I do not see that there will be changes in US state laws with regard to real estate transactions to accommodate Islam. I do see a marketing opportunity for land contract resellers specializing in Islamic customers who want to remain in compliance within the framework of existing US law.

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