The UK has Sharia Banking

lloydsbank.com/current-accounts/all-accounts/islamic-account.asp

>Shariah-approved banking
>Following the guidance of Islam is an important part of everyday life, so we've made it an important part of everyday banking. Our >Shariah committee of two independent scholars has guided us to create an account that’s right for you.

>Banking in accordance with Shariah
>There’s no credit or debit interest, no Planned Overdraft, no minimum balance required and no charges for everyday transactions.

>Your money used wisely
>You can be confident the money you keep with us will not be used for any interest-based or non-Shariah approved activities.

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That’s actually based, usury is one of the worst sins one can commit, only recently have “Christians” caved in and fallen for interest. If Europe needs to become Muslim to rid itself of usury, so be it.

That’s actually based, usury is one of the worst sins one can commit, only recently have “Christians” caved in and fallen for interest. If Europe needs to become Muslim to rid itself of usury, so be it.

Im actually ok with this

Jihad is shariah conform activity and thus allowed?

Nope, Id still gun down every raghead in a mile radius if they tried to make a move

I'd actually use that. Could Jow Forums get sharia banking established in the US.

Right?

Does this mean you can get a loan with no interest from them?

Lets get some of that multiculturalism the Jews keep talking about

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yes it does

will this be a nice thing like halal chicken

>non-usurious banking
>not available to new customers
SHUT IT DOWN

>a bunch of white supremacists have helped start a muslim banking system in order to get free of the jewish influence of the system.

They couldn't even risk talking about it. If people found out there was a non-usurious means of banking and loans, everyone would jump ship to that system. They'd have to stay completely silent about it. They couldn't criticize it's islamicness, no one would believe it was some secret white supremacist scheme, and it would cripple their stranglehold on banking and money.

Thats great but there has to be some kind of catch. I refuse to believe the Jews haven't got their hands in this.

>everyone would jump ship to that system.
Except for the people with money to lend...

>no interest
AAAAAAAAAHHHHHHHHHHH GOYIM DO SOMETHING

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I assume they would be forced to lend or be called racist

Banks operate on a fractional basis. It doesn't take the big fish if all the little fish jump ship. Either is a no-go option.

OY VEY

No, it doesn’t. It’s all made up bullshit.

So, there is no “interest” charged... but, say you want to buy a house/car/etc. Take the present market price and then add 50% (or more). THAT is the price that you will pay. The “extra” price on top of the present market price is viewed by Islamic scholars as “profit sharing”, but if you calculate the loan amortization at the current rate of interest, the cost is identical.

So, you get a loan at 0% interest, but you also guarantee the bank a profit exactly equal to what the interest charge would be...

Somehow one is sharia compliant and the other is not. I’m not certain that God isn’t smart enough to be fooled by such schemes...

Islamic finance is the same as Western finance except it uses contrived legal loopholes to avoid breaking sharia law (eg an Islamic mortgage somehow makes you pay rent linked to the base rate instead of interest as usury is banned but leaves you with the same repayment and default considerations).

and that's bad because ? ultimately there is no islamic banking with fiat money though, in islam money is gold and silver not toilet paper produced by jews from the federal reserve

Surprising the central bankers allowed a parallel institution

nobody here thinks it's bad
we are all desperate to escape the Jewish interest slavery

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My thoughts exactly bro

The main difference is the bank won’t take your money and then lend it out for more earnings off of interest. If they charge service fees to justify loaning money to people, who cares (albeit it’d be prefereable if it were 100% profit-sharing based) it still pales in comparison to interest.
Today modern banks only keep a fraction of the our money, most of it is used by the bank to loan out; it’s interest upon interest upon interest.
And don’t even get me started on money not backed by anything.

the true redpill is using money with intrinsic value with no interest i.e gold and silver coins
the only ideology that supports that and only that is islam, we've been slaves for a few jews for far too long

>quran says no usury
actually based

Actually might be a legit better financial union than my local credit union.

I wonder what their loan process is and if Americunts can apply.

Ahhh, no. The “Islamic” subsidiary lends the surplus capital to the parent Bank at zero interest...

Then, the Parent Bank is free to lend the money out normally.

Again, it’s acceptable, as the deposit money is being lent at zero interest. It’s a sham middleman to comply with a sharia.

Cf. Banking fag

starting a Jew interest free bank for Americans under the guise of Sharia is unironically a great idea
how do we do it lads?

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bump

Unironically based and redpilled.

>Your money used wisely
>You can be confident the money you keep with us will not be used for any interest-based or non-Shariah approved activities.
If they are to be believed, they won’t. I would agree with you if it were a front for a usurious bank, but they’re claiming not to be one.

>Somehow one is sharia compliant and the other is not. I’m not certain that God isn’t smart enough to be fooled by such schemes...
That's the main cultural difference between Christianity and Islam/J*daism. Muzzies and kikes try real fucking hard to find a way to bend the rules to fit their purposes, while Christians either say "well yeah lol God changed his mind" or flat out make up a new denomination.

Bank interest is less than inflation rate. You're already paying the bank to keep your money. Figure it out yo fucking Moran

Hello Jew

>couldn't criticize its' Islamism
Oh yes you could. Those arguments are easy wins.

My thoughts exactly bro

My thoughts exactly bro

Doesn't this also mean that if you paid off the loan that had interest early, you'd be paying less than the loan without interest?