Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

A Hometown Bank Heeds a Call to Serve Its Islamic Clients

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:18 AM
Original message
A Hometown Bank Heeds a Call to Serve Its Islamic Clients
Source: NYT

To distill and simplify some complicated theological and financial concepts, the basis of Islamic finance is Shariahs forbidding of riba, which can be variously translated as usury or interest. Mortgage alternatives, which are the most popular financial product for Islamic consumers in the United States, essentially add what would have been the monthly interest into the purchase price of a home.

In one variation, the bank actually buys the house at a qualified customers direction, and then sells it to that customer through monthly installments modeled on the payments of a 30-year mortgage. In two other common methods, the customer either acquires the home from the bank on a lease-to-own arrangement or purchases the home in partnership with the bank and gradually buys out the banks share.



Read more: http://www.nytimes.com/2009/03/07/us/07religion.html?_r...
Printer Friendly | Permalink |  | Top
DUlover2909 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 05:28 AM
Response to Original message
1. Islamic clients, cultists, whatever. It's all superstition either way.
:wtf:
Printer Friendly | Permalink |  | Top
 
peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:08 AM
Response to Reply #1
3. To each his own superstition. Religions are loaded with them - across the board.
They are called belief-laws if you are a member of one and superstitions if you are not.

Taking your head piece off in one, putting a head piece on in another.

The same for cultures: rubbing the head of a child or bald guy in one, never rubbing the head of either in another.

But our internal organs are all the same, by gender.

Honoring is more of what it's all about.

Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 05:46 AM
Response to Original message
2. And in Detroit
The Walmart had set up pork free check out lines for their muslim workers. It really is coming. Just look at the rest of the world.
Printer Friendly | Permalink |  | Top
 
I Have A Dream Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:30 AM
Response to Reply #2
4. *what* is coming? nt
Printer Friendly | Permalink |  | Top
 
Posteritatis Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 12:26 PM
Response to Reply #4
10. Another one paranoid about creeping sharia unless I miss my guess (nt)
Printer Friendly | Permalink |  | Top
 
Spouting Horn Donating Member (310 posts) Send PM | Profile | Ignore Sat Mar-07-09 02:09 PM
Response to Reply #10
18. A Pubic University
in Michigan spent taxpayer/public funds to build footbaths for Muslim students, so they can wash their feet before they pray.

If this isn't a violation of the 1st amendment, then nothing is.
Printer Friendly | Permalink |  | Top
 
Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:34 AM
Response to Reply #2
6. What's coming?
Pork free checkout lines? I think I'll live.
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 10:45 AM
Response to Reply #6
7. Now we have pork free lines.
We didn't used to have those. The pockets of muslims who refuse to assimilate will increase in area and population. There are probably already areas which are basically police no-go zones. Where muslims live their lives according to their culture instead of our laws. It is only a matter of time untiil we start seeing honor killings, and muslim politicians influencing our laws. It is the same all over the world.
Think I'm wrong? Think we are so very different from the rest of the world? I'd be happy to be wrong on this one.
Printer Friendly | Permalink |  | Top
 
Orangeone Donating Member (395 posts) Send PM | Profile | Ignore Sat Mar-07-09 11:21 AM
Response to Reply #7
8. Yuck

It's hostile attitudes like yours that makes it hard for people to assimilate!
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 11:32 AM
Response to Reply #8
9. I understand your point of view. Really I do.
But I do not think the world is as nice a place as you would like it to be. I'm not going to argue with you anymore about this. I don't thing it is useful for either of us.
I am not hostile toward you, but I do think you are wrong. I understand you think I am wrong.

http://www.muslimnews.co.uk/news/news.php?article=15597

Australian PM demands apology from Muslim leader on marital rape

22-01-2009

Herald Sun:

PRIME Minister Kevin Rudd has demanded an apology from an Islamic cleric who declared marital rape "impossible".

As exclusively revealed by the Herald Sun this morning, a Melbourne Islamic cleric has told his male followers they can force their wives to have sex and hit them if they are disobedient.

Coburg's self-styled cleric Samir Abu Hamza said despite Australian rape laws it was impossible for a man to rape his wife even if she refused to have sex with him.
Printer Friendly | Permalink |  | Top
 
muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:57 PM
Response to Reply #9
15. As much as that may shock you, marital rape wasn't a crime 40 years ago in the US
Until 1976, marital rape was legal in every state in the United States

http://marriage.about.com/cs/maritalrape/f/maritalrape1...


And 20 years ago in the UK:

Up until 1991 there was no such crime as marital rape, however since then law agencies do take claims of it seriously, and do take action.

http://survive.org.uk/maritalrape.html


or Australia itself:

It is hard to believe that only 16 years ago the High Court abolished a ruling that exempted any husband from being convicted of rape if his victim was his wife (although states such as South Australia had partially abolished spousal immunity as early as 1975).

http://www.smh.com.au/news/opinion/rape-within-marriage...


Yeah, the cleric is backward. But that went for a lot of countries' legal system, just a couple of decades ago.
Printer Friendly | Permalink |  | Top
 
Spouting Horn Donating Member (310 posts) Send PM | Profile | Ignore Sat Mar-07-09 02:06 PM
Response to Reply #8
17. It's very hard to
assimilate, when one does not want to assimilate.

Mosques all over the West preach to their flocks the evils of assimilation. They are instructed to stay separate and to not assimilate.

Of course, many Muslims choose to assimilate into western cultures, but that often brings dire consequences, ie, "honor killings" and such.
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:16 PM
Response to Reply #17
19. A lot of "white" churches do the very same thing...
A lot of "white" churches do the very same thing...

I myself have been to many Baptist churches which dictate that we eschew worldly desires and temptations and rather stay as separate and and Godly as possible.

'Churches all over America preach to their flocks the evils of the secular and commercial world. They are instructed to stay separate and and avoid the secular.'

'Now, of course many wives choose to assimilate into the secular world, but that often brings dire consequences, i.e., spousal abuse and such...'



You see-- radical clerics are radical clerical-- regardless of whether they are Muslim clerics preaching radicalism or merely lily-white, corn-bred southern Baptist clerics that preach the very same thing.

It's simply six of one, and half a dozen of the other.
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:46 PM
Response to Reply #19
26. You know about the honor killings.
Girls killed as a punishment for being raped,or suspected of being raped. Killed for choosing the wrong boy. The abuse really is just off the charts. It is well know through out the world because it happens that often.
I have no love for baptists, but at the worst they are annoying. Have you ever heard of christians in this country killing their own children out of honor?
What happens when you publicly denounce jesus. How about an artist submerging a christian symbol in a glass of urine and publishing photos of it? Do the christians freak out? Sure they boycot companies. Big deal.
And what about if something negative is said about the Muslim religion? Riots.Fires. Death threats. Murder.

There is a difference.
I am pagan. And what do the christians in this country do to me as a result of me rejecting their religion? They pray for me. Wow, that's harsh.
If this was a muslim country I would be executed.Or at the very least caned and imprisoned until I accepted islam.
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 06:00 PM
Response to Reply #26
28. I know that Jim Jones was a mainstream Christian.
I know that Jim Jones was a mainstream Christian.


"There is a difference.
Sure there's a difference-- you tolerate one religion and not the other one. You minimize the abuse going on within one religion and dramatically advertise the lesser amount of violence going on within other religions. That's the difference...
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 07:12 PM
Response to Reply #28
30. I don't know why you can't see the difference.
I'm pretty much surrounded by southern baptists. At worst, they are annoying.

You are not going to convince me american christians are anything like this.


http://www.aina.org/news/20070425181603.htm

Warning: the following videos (RealPlayer) show graphic and disturbing images:

video

From the clips it appears that the girl was first stripped naked to symbolize that she had dishonored her family and her Yezidi religion. She is lying on the road naked while her smashed face is covered with blood and still breathing.

According to the website and footage from the clip a number of armed local police officers were present who in fact helped the crowd to kill the woman rather than preventing the crime. Sometime later the Iraqi army arrived at the scene and refused anyone entry, including the press.

Killing women for reasons of honor, shame and religion does happens in regions of Kurdistan and Iraq. The above incidents are not uncommon in some of the deeply religious and traditional communities. For long violence against women has been commonly used as a political and religious weapon and as a means of social control.

By Kameel Ahmady, Mina Rojdar
www.Kurdishaspect.com
Printer Friendly | Permalink |  | Top
 
Aristus Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 10:34 PM
Response to Reply #30
32. American Christianists (not real Christians, of which I am one) don't kill their own.
They kill everybody else. Matthew Shepherd, innocent Iraqis, you name it. If one of their leaders can make them hate a people, pretty soon, the entire nation is at war with those people.
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 07:10 AM
Response to Reply #32
36. Seriously?
Mathew Shepherd was killed because he was gay, by guys who hate gays. They didn't hunt him down because he was in violation of gods laws.
And americans did not fly to the other side of the globe and make war on Iraqis be cause they are not christian. Americans like power and war. And when those planes flew into our towers the whole country was welded into a war machine eager for revenge.
Funny how many groups claim to be the only *real* christians. Westboro Baptist Church, Mormons,Catholics, you,...I'm not going to continue on this list.Isn't there something in the bible about pride. I always figured if a person claimes to be a real christian compared to others, such a prideful boast makes them a bad christian.
Printer Friendly | Permalink |  | Top
 
Aristus Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 11:50 AM
Response to Reply #36
42. Matthew Shepherd's murderer's believed they had a God-given right to kill him because
as they believe "Homosexuality is an abomination"; notice, they cleverly overlooked the fact that murder is condemned in the Ten Commandments, and homosexuality isn't.

And the Iraq War was started by people who claimed to believe that the war on terrorism is some kind of crazy, twisted crusade against Muslims, 99.9999999% of whom follow the Qu'ran by living in peace, hospitality, generosity and brotherhood.

Remember Jerry Boykin's colossally idiotic remark: "My God is stronger than their God"? It is the same God! Christians and Muslims both worship the God of Abraham. But the warmongers succeeded in making their blockheaded followers believe that it was a different God; one that threatened their Wal-Mart shopping, trailer-dwelling pathetic way of life...
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 09:48 AM
Response to Reply #30
39. Honor killings are and aberration in the U.S., yes?
Edited on Sun Mar-08-09 09:48 AM by LanternWaste
Religious honor killings are an aberration in the U.S., yes? Is spousal abuse committed by American christian an aberration? (For my part, I have a pretty difficult time as seeing spousal abuse as "annoying")
Printer Friendly | Permalink |  | Top
 
Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 12:16 AM
Response to Reply #28
34. No Jim Jones was a Loony Tune... he might have been our Loony Tune
but he no more represented Christianity (or liberals) than Timothy McVeigh represents Atheists (Or conservatives)
Printer Friendly | Permalink |  | Top
 
shrike Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 09:45 AM
Response to Reply #34
38. Boy, was he ever
The more I've read about him, the more I'm convinced he was one of the freakiest dudes ever to come down the pike. He wasn't Christian -- he wasn't atheist, either, though apparently he told some people that he was. Atheists have no gods; this guy's god was himself.
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 09:51 AM
Response to Reply #34
40. Then the corollary must then be true
Then the corollary must then be true-- U.S. Muslims who engage in violent acts are also "loony tunes"-- not representative of the American Muslim community at large.
Printer Friendly | Permalink |  | Top
 
Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 10:47 AM
Response to Reply #40
41. Yes I agree and your point???? nt
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 01:37 PM
Response to Reply #41
43. no more, nor no less representative
Edited on Sun Mar-08-09 01:38 PM by LanternWaste
"Yes I agree and your point????"

That any American Muslim who engages in an "honor killing" is no more, nor no less representative of his religion that an American Christian who convinces his flock to commit suicide is of his...


I thought my implication was both clear and obvious given the overall context of the thread. Maybe not...

edited: sp
Printer Friendly | Permalink |  | Top
 
Critters2 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:38 PM
Response to Reply #7
13. So, you'll want pork sausage on your pizza? nt
Printer Friendly | Permalink |  | Top
 
muriel_volestrangler Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:49 PM
Response to Reply #13
14. Heh
:thumbsup:
Printer Friendly | Permalink |  | Top
 
KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:19 PM
Response to Reply #7
20. There may indeed be "police no-go zones"
but I'd be surprised if any of them were in immigrant Muslim neighborhoods. :eyes:
Printer Friendly | Permalink |  | Top
 
Cessna Invesco Palin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:51 PM
Response to Reply #7
25. I think you need to leave mom's basement more often.
We're not being invaded by the scary mooslims. Get a freakin grip.
Printer Friendly | Permalink |  | Top
 
Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 12:14 AM
Response to Reply #6
33. Thats silly, What company would be stupid enough to do that. nt
Printer Friendly | Permalink |  | Top
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:06 PM
Response to Reply #2
11. If pork is offensive in a checkout, why is it OK to work in a pork-selling store?
I can't wrap my head around this one.

Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:27 PM
Response to Reply #11
12. They refuse to touch it.
It makes them unclean or something. So if you have bacon in your cart, you can't use that check out line. You have to go to the non-muslim check out line.
Printer Friendly | Permalink |  | Top
 
Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 01:58 PM
Response to Reply #12
16. Sounds a lot like christian fundie pharmacists refusing to dispense birth control pills
Printer Friendly | Permalink |  | Top
 
Tim01 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 04:47 PM
Response to Reply #16
27. Yes it does. nt
Printer Friendly | Permalink |  | Top
 
LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 06:01 PM
Response to Reply #2
29. Companies catering to their locale client base?
"It really is coming...."

What? Companies catering to their locale client base? Sounds like good business to me.
Printer Friendly | Permalink |  | Top
 
elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 10:16 PM
Response to Reply #29
31. Of course.
Anyone notice the different stock at different grocery stores of the same company, in nearby towns/areas???
Printer Friendly | Permalink |  | Top
 
Bill McBlueState Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 09:11 AM
Response to Reply #2
37. And around here,
there's all kinds of stuff I can't do on a Sunday morning because of the Christians. I suppose that really is coming, too.
Printer Friendly | Permalink |  | Top
 
Sultana Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 09:33 AM
Response to Original message
5. Well, isn't grand
Muslims always getting special privileges...


Printer Friendly | Permalink |  | Top
 
CJCRANE Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:29 PM
Response to Reply #5
21. It's free-market capitalism.
If there's a niche for a product, go for it.

There's now some guy selling "Christian" salt - doesn't stop me from buying whatever kind of salt I want.
Printer Friendly | Permalink |  | Top
 
Spouting Horn Donating Member (310 posts) Send PM | Profile | Ignore Sat Mar-07-09 02:33 PM
Response to Original message
22. And that begs the following question:
Why do Muslims move to the West then?

Your comparison would be more valid if members of "white churches" were moving to other countries, then preaching unassimilation.
Printer Friendly | Permalink |  | Top
 
Coventina Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:35 PM
Response to Original message
23. Sooooo, aren't the customers still paying the "interest"
even if it's just "tacked on" to the initial price?

I guess it's all about obeying the letter of the law, and not the spirit.

:eyes:
Printer Friendly | Permalink |  | Top
 
JCMach1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-07-09 02:36 PM
Response to Original message
24. I pay no interest on my Shariah compliant credit card...
That's actually a very good thing.
Printer Friendly | Permalink |  | Top
 
Lost in CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Mar-08-09 12:17 AM
Response to Original message
35. British Banks have been doing this for years... It's good business. nt
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sun Oct 26th 2014, 04:46 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC