How can I profit from Islamic Finance?
How can I profit from Islamic Finance?
Julian Barnes
Blake Gutierrez
Tyler Thompson
since it is essentially socialism i would guess be an imam.
Alexander Lee
Buy JNT sir
Kayden Young
in islam interest is forbidden and banks are only allowed to make money with private equity. (they are only allowed to buy and sell stocks)
Jace Mitchell
and crypto
Jason Flores
Right. So they're essentially buying equity rather than lending, or they're renters/sellers. But how do you game that?
Jeremiah Sanders
you don’t, heeb
Andrew Powell
We'll see about that.
Hudson Bell
Wait, if you are Muslim you can't get a fucking loan? No wonder they are still in the third world.
Jacob Collins
They still “lend” money, e.g. they buy a house for you, “rent” it to you and then promise to sell it to you at X price after Y years. In practice it’s the exact same as a mortgage.
Austin Perez
No, they can get loans. The problem is that it's hard to game the system the way that Westerners are accustomed to because of how it's set up.
Aiden Price
Who is giving them loans if they can't charge interest?
Henry Reed
Right. It seems to most easily be applicable to the real estate market.
Isaac Howard
They're structured entirely differently. The bank either buys an asset and rents it to you, or rents it to you and gives you the option to purchase it from them at the end of a fixed date, or they essentially buy equity in your venture. It isn't structured conventionally.
William Gutierrez
Okay so loans with extra steps.
Gavin Hall
Another way they do it is the "lender" buys the asset and rents it to you while you gradually buy equity. It's like loan amortization, but they just don't call it interest.
Tyler Kelly
they can't buy assets where the value can't be determined.
Cameron Walker
Spot value is real value.
Noah Ward
Lord. I was chatting with a muslim girl with huge brown tits for a long time, sadly she lives all the way across the country. Hopefully will CRUSADE her some day.
Asher Lewis
In other news, user gets beheaded for acting like a Jew in a kosher free bank.
Lincoln Gray
sauce please
Colton Barnes
A lot of British banks already accommodate Islamic finance, since in practice it's extremely simple. Since you're technically not allowed to charge interest, bank deposits are viewed similarly to buying stock, and the interest is just called a dividend instead (although legally you don't actually have a portion of ownership of the bank). Similar tricks apply to loans, mortgages, etc. It's all quite uncomplicated, which is why big banks already manage to do it.
James Walker
Is Islamic finance redpilled?
Owen Cruz
this is Haram!
the proper punishment is to throw them from a high building
Gavin Kelly
Based
Austin Barnes
Form a cult
Henry Gray
>but they just don't call it interest
that seems like the most civilized solution pretend it's something else and then it's okay.
Logan Turner
inshallah mein bruder