04-13-2014, 05:00 AM
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Banned
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Join Date: Mar 2009
Posts: 3,961
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Re: Thoughts?: Islam vs. Christianity
Quote:
Originally Posted by Praxeas
When American Muslims open "Bank of Allah" and give loans without interest, I'm signing up...BTW how do those banks pay employees?
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There are Islamic banks in the US.
Islamic banks base their business not on interest but profit-sharing in the businesses they loan money to invest. If the business does not make money then the bank does not make money.
If you have money in an Islamic bank and the bank makes money they allocate/dole out the profits to the account holders. If the bank loses money the account holders pony up the losses.
Islamic banks are not in the business of making personal loans to be squandered on consumables. Get a job for that.
Last edited by Walks_in_islam; 04-13-2014 at 05:02 AM.
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