What is the difference? I mean, if in the end you pay the lender the same ammount (or maybe even more)...it seems like this is just a game we play to avoid a word.
Ironically, “halaal” mortgages are technically no different from a regular fixed mortgage. Changing words here and there may be good enough and help some people sleep better at night but from a pure financial mechanics perspective there is little difference.
Topic has been discussed before and can be found thru a simple search if you are interested in the discussion that took place then.
when Allah says in the Quran (verse 2:275) "That is because they say: Trade is just like usury; whereas Allah permitteth trading and forbiddeth usury", He says it because there is little difference in the way it works, but even if u end up paying more to an Islamic financing scheme, atleast it is Halaal....
u cant just go on paying interest or mortage by saying that Islamic schemes ask more money or that (just to convince ur self) they r just the same with different names....
there are people who believe interest is not riba but predatory lenging/usury is. for them whether they take a mortgage does not become a riba issue
now for those who believe that mortgage is riba, then they should not be getting into these transactions, because just switching the terminology or words does not mean that its not interest, and thus by the logic of these ppl, riba and thuis forbidden.
Find out how these companies calculate your payments when you want to buy a house, and how the transaction works. I know people who work for some of these "halal" financing groups and am very familiar with the practices.
For me at has been solved, for others it probably has not been.
For many it will not be, whether or not the populace at GS reaches consensus.
I mean really what are your options
traditional mortgage
cash payment
‘islamic’ financing
or some sort of rent to own scheme .. which would invariably lead to time value of money and profit for the seller anyways.
people here can take their pick, go talk to their imaam, elders, whoever and make their choice accordingly.
i had to make a report on islamic banking, its just a scam....its the same as regular banking in its functioning behind the counter ,we thrive on interest coz our economic infrastructure is built that way.
THere is this ‘scholar’ Saeed (forgetting full name) who used to come to Irving, TX from Pakistan, last time I heard him he said something like this: “I’ve been coming to US for about 20 years and people keep asking me ‘is mortgage halal?’, my dear brothers if you keep asking for something which is haram for 20 years it won’t become halal”
Supposedly they could be Indian or CIA agents who plant those bombs and naivete and gullibility that so becomes many of us, believe whatever comes out in the media...
10) Believing in everything one hears from the media and turning against each other in enmity and calling names and ridiculing wihtout verifying...(Despite the Quran warning us that never to believe in hearsay especially someone wicked unless verified by our own eyes and ears)...
Where's the famous cynicism that Muslims once possessed? Or do we just listen to someone and say 'we believe'...?
Not to worry, it is alive and well. Since you yourself are one to stereotype, you won’t be offended by this generalization: Muslims are among the most cynical of all people. As if it is western, Indian or Jewish media outlets that are making all this up. Surely it can’t be followers of the most perfect religion.
Your “verified by our own eyes and ears” may have worked when the world according to Islam consisted of a few thousands square miles of desert. But if you think you are going to see or hear every jihadi blowing up a member of a group (or bystander) they disagree with, you will remain the most cynical and blind people of all.
I would rather remain blind and cynical than accuse anyone blindly because I heard it…
Perhaps the most glaring example of not being ‘blind and cynical’ would be Jesus’ example…Who was crucified because people ‘unblindly and uncynically’ believed everything that was said about him and voted against him versus Barabas to be crucified…
Even Pontius Pilate was aghast at this…Even in the bible, three times he proclaimed to the Jews, what has this man done, but the Jews were ‘unlind and uncynical’ and believed every lie that was told to them about Jesus, so off they sent him to be put on the cross…
Yes…You are right…Muslims are the most cynical people of all…Thank God for that…
I guess you have not been listening to the speeches of sipah e sahab, lashkar e jhangvi, sipah e muhammad, tehrik e jafaraia, hizb ul tahrir, mohajiroun et al.
it is all verified by my own eyes and ears. in the 80’s and 90’s especially sipah was very active, and their banners wer every visible at their gatherings, speeches full of hatred for shias broadcast on bullhorns being delivered in shamianas set up on busy chowrangis.
believing everything one hears without verifying is i suppose just as big of an issue as pointing to some invisible forces bogeyman and burying one’s head in sand.
it is all verified by my own eyes and ears. in the 80's and 90's especially sipah was very active, and their banners wer every visible at their gatherings, speeches full of hatred for shias broadcast on bullhorns being delivered in shamianas set up on busy chowrangis.
believing everything one hears without verifying is i suppose just as big of an issue as pointing to some invisible forces bogeyman and burying one's head in sand.
Isn't Tehreek-e-Jaafria a Shia org?
And Hizb-ut-Tehreer? Come on Pir Sahib...These guys have hardly ever picked up a stick to beat a dog let alone kill or harm someone...
As for Sipah-e-Sahaba, Lashkar-e-Jhangvi e.t.c., they have made their intentions plain...You insult the Sahaba, you die...It's not like they are lying or manipulating or anything...They are quite upfront about their views...
You said religious bigots and hypocrites, intolerant...OK, so I would take your examples here as intolerant...Although I would hardly categorize Sipah-e-Sahaba follower as a religious person coz' I've not been in contact with any of them...
Why do you know who is a religious bigot or a hypocrite or self righteous?
indeed it is, sipah e muhammad and tehrik e jfaria are shia extremist outfits with nothing but hate filled propoganda coming out of their mouths for the most part, sipah e shaba and lashkar e jhangvi are sunni extremist groups.
And Hizb-ut-Tehreer? Come on Pir Sahib…These guys have hardly ever picked up a stick to beat a dog let alone kill or harm someone…
they do have hate filled rhetoric though, same for mohajiroun. hate filled, bigoted words, publications, attitudes..
As for Sipah-e-Sahaba, Lashkar-e-Jhangvi e.t.c., they have made their intentions plain…You insult the Sahaba, you die…It’s not like they are lying or manipulating or anything…They are quite upfront about their views…
yup, upfront about their hateful, bigoted views.
You said religious bigots and hypocrites, intolerant…OK, so I would take your examples here as intolerant…Although I would hardly categorize Sipah-e-Sahaba follower as a religious person coz’ I’ve not been in contact with any of them…
you would take them as intolerant, great,
they are not bigoted?
and are they not hypocrites for preaching one thing and practising something completely different, a most obvious example of this would be Jamaat e islammi and especially its student group thigs in jamiaat, who would wax lyrical about the virtues of a muslim in their meetings and go murder fellow students on the street.
Why do you know who is a religious bigot or a hypocrite or self righteous?
why do i know, the time that I spent in Pakistan, I saw everything from Jamiaat thugs shootign their fellow students, to sipah etc. I could have kept my eyes closed and head in the sand to not know which groups are bigots, hate mongers, I decided to keep them open and see how these groups work.