Re: credit cards use - haram
UZ
thanks for the bhashan I did not really read itr because you simply did not get my point.
so let me state is ver simply and clearly
explain to me what the difference is between 'islamic financing' to buy a house and a conventional fixed rate mortgage.
give me one example of A and B buying a $500K house today, one using conventional 30 yr mortgage and other one going to an "islamic financing"
how much do they end up paying in total, how is that calculated.
if the value of the home goes up and they sell and move, what happens to the profit
if the value of the house goes down and they sell, what happens to the loss
shabash, lecture asaan hota hai.. kaam mushkil, ab aap ja kar kaam karein.
the difference between you and me is, I dont think interest as it exists in modern economy is haram. you think its haram, but will gladly take it under a diff name even if all the mechanics under it are the same.
its like my eating lobster cuz i think its halal, you may say lobster is haram but if somene gives it to you and says lobster no no..its giant prawn, then you will eat it :)