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Old 01-12-2013, 02:42 PM
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MonsieurM MonsieurM is offline
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Originally Posted by Danny B View Post
Academia refuses to teach about money. They prefer to leave everybody ignorant. I'll start with the basics.

Peer-to-peer lending and crowd-funding use actual savings to fund projects.
Islamic banking is forbidden to charge interest (riba). The bank goes partner with you. They provide the funds and business expertise. You provide ideas and work. You split the profits.
With Islamic banking, the bank is motivated to see you succeed. With Western banking, they are motivated by greed. If you pay off the loan, they gain from the interest. If you fail, they foreclose on the tangible property that secured the loan. They have more to gain when you fail.
you know if you dig a bit deeper , you'll find out that the islamic bank is the remnant of a banking system that existed before the rise of Islam ... and today .... why do you think all the effort is made to tarnish the word Islam .... the subconscious of a nation is a fine tool for The Power that were

Banks are an almost irresistible attraction for that element of our society which seeks unearned money.

J. Edgar Hoover
on a side note :

The bank goes partner with you. They provide the funds and business expertise.
the impact of such a policy ...... proximity + job creation + growth of a real productive economy .... as it motivates the bank to help more small businesses rather than just large dinosaur like corporations ..... simple logic no one wants to put all their eggs in the same basket

the irony is that people created the concept of Bank .... today the bank thinks it can do without the People .... typical attitude of tyrants ..... they have learned nothing from history
Signs and symbols rule the world, not words nor laws. -Confucius.

Last edited by MonsieurM; 01-12-2013 at 03:19 PM.
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