Comments on: How Can Sharia Banks Afford To Give Out Interest Free Loans?

By: terminal

terminal — Sat, 01 Aug 2009 04:07:52 +0000

let’s just say that you’ll never want to miss a payment.

By: John S

John S — Fri, 31 Jul 2009 22:00:40 +0000

These loans have CHARGES, guess what, these charges work out at roughly the same as paying interest.

By: dark rang154

dark rang154 — Fri, 31 Jul 2009 17:49:03 +0000

because there clever =)

By: death awaits

death awaits — Fri, 31 Jul 2009 16:03:01 +0000

You get charged an arm and a leg quite literally

By: Deb67

Deb67 — Fri, 31 Jul 2009 13:39:46 +0000

I would hope that people wouldn’t fall for these interest free or loan offers that come to their e-mails since they wind up asking for money to cover a couple months worth of payments up front and then when you send them the money you never see the loan or hear from them ever again.

By: Beatnick

Beatnick — Fri, 31 Jul 2009 07:51:51 +0000

The links below will introduce you to the Islamic and Sharia banking system here in UK, how it works and what you might expect from it.http://www.islamic-bank.com/islamicbankl…http://www.which4u.co.uk/mortgages/shari…http://www.bankersonline.com/vendor_guru…http://www.bbc.co.uk/religion/religions/…http://www.dailymail.co.uk/debate/articl…
I would not worry about what is said in the above DM article. Seems to me that our own Western banks have failed us, why not give Islamic and Sharia banking a try?
Most people of my aquaintance are not looking for masses of interest but a safe haven for their money and if Sharia banking can supply that, then it looks set to grow and prosper here in UK.

By: chip2001

chip2001 — Fri, 31 Jul 2009 00:56:56 +0000

In basic terms, the bank buys the item on your behalf – say, a house if we’re talking mortgages – then sells it to you at a higher price.