ganeshran Posted October 18, 2011 Posted October 18, 2011 Islamic banking (without interest) is not really practical unless they compensate the lender in some way or the other. The differential between interest rates of borrowing and lending is a source of income for the bank.
Rajiv Posted October 18, 2011 Posted October 18, 2011 Now Fox news will catch this, there were chants abt Jews in the protest as well
akshayxyz Posted October 18, 2011 Posted October 18, 2011 Islamic banking (without interest) is not really practical unless they compensate the lender in some way or the other. The differential between interest rates of borrowing and lending is a source of income for the bank. But that is not the only source of income.
bhanu Posted October 18, 2011 Posted October 18, 2011 I tink dey r using islam to gain more attention
ganeshran Posted October 18, 2011 Posted October 18, 2011 But that is not the only source of income. yes but that forms a big chunk of their income. In Islamic banking, this income is derived using other alternatives, one such being that the bank itself becoming a party in a business transaction. While all this would work on a smaller level, replicating it at a scale that modern banking demands is completely impractical.
coffee_rules Posted October 18, 2011 Posted October 18, 2011 Now Fox news will catch this' date=' there were chants abt Jews in the protest as well[/quote'] May be a tea party activist posing here to create controversy.
Brainfade Posted October 18, 2011 Posted October 18, 2011 May be a tea party activist posing here to create controversy. It's got to be. How else do you explain stuff like this? Check this video. It's got to be a tea-party activist - OWS protesters can't be anti-semitic or racist. IMjm4LxFa1c
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