papa horny michael posted:

Dismantle all states for a one world maoist government, of course. in the meantime protect israel against the unrelenting antisemitism of the entire world

got any sevens posted:

i predict if dems float another centrist pos they might barely squeak out a win but would lose again in 2024, but if they ever actually become lefties they'll hold prez for at least 12 years

Concerned Citizen posted:

there are no valid arguments against sharia

papa horny michael posted:

Dismantle all states for a one world maoist government, of course. in the meantime protect israel against the unrelenting antisemitism of the entire world

Raskolnikov38 posted:

also just a quick side note: there is no one body of sharia law. theres like a dozen different schools each with their own interpretations and centuries of case law

ate poo poo on live tv posted:

Religion has no place in modern society.

ate poo poo on live tv posted:

Religion has no place in modern society.

papa horny michael posted:

What are these arguments against Sharia Law? Is our law system more 'correct' than theirs? I am confounded

Agean90 posted:

sorry civil rights advocates, wrap it up!

quote:

The term “Islamic banking” refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. The contemporary movement of Islamic finance is based on the belief that "all forms of interest are riba and hence prohibited".[19] In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haraam (such as businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). Furthermore, the Shariah prohibits what is called "Maysir" and "Gharar". Maysir is involved in contracts where the ownership of a good depends on the occurrence of a predetermined, uncertain event in the future whereas Gharar describes speculative transactions. Both concepts involve excessive risk and are supposed to foster uncertainty and fraudulent behaviour. Therefore, the use of all conventional derivative instruments is impossible in Islamic banking.[84] In the late 20th century, a number of Islamic banks were created to cater to this particular banking market.

Islamic banking has the same purpose as conventional banking: to make money for the banking institute by lending out capital while adhering to Islamic law. Because Islam forbids simply lending out money at interest, Islamic rules on transactions (known as Fiqh al-Muamalat) have been created to prevent it. The basic principle of Islamic banking is based on risk-sharing which is a component of trade rather than risk-transfer which is seen in conventional banking. Islamic banking introduces concepts such as profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijar).

quote:

One of the pioneers of Islamic banking, Mohammad Najatuallah Siddiqui, suggested a two-tier mudarabah model as the basis of a riba-free banking. The bank would act as the capital partner in mudarabah accounts with the depositor on one side and the entrepreneur on the other side.[87] This model would be supplemented by a number of fixed-return models—mark-up (murabaha), leasing (ijara), cash advances for the purchase of agricultural produce (salam) and cash advances for the manufacture of assets (istisna'), etc. In practice, the fixed-return models, in particular murabaha model, were the bank's favourites, as they bear results most similar to the interest-based finance models. Assets managed under these products far exceed those in "profit-loss-sharing modes" such as mudarabah and musharakah.

Murabahah may be called an Islamic mortgage transaction, instead of lending the buyer money to purchase the item, a bank might buy the item itself from the seller, and re-sell it to the buyer at a profit, while allowing the buyer to pay the bank in installments. However, the bank's profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the bank asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction. Another approach is EIjara wa EIqtina, which is similar to real estate leasing. Islamic banks handle loans for vehicles in a similar way (selling the vehicle at a higher-than-market price to the debtor and then retaining ownership of the vehicle until the loan is paid).

An innovative approach applied by some banks for home loans, called Musharaka al-Mutanaqisa, allows for a floating rate in the form of rental. The bank and borrower form a partnership entity, both providing capital at an agreed percentage to purchase the property. The partnership entity then rents out the property to the borrower and charges rent. The bank and the borrower will then share the proceeds from this rent based on the current equity share of the partnership. At the same time, the borrower in the partnership entity also buys the bank's share of the property at agreed installments until the full equity is transferred to the borrower and the partnership is ended. If default occurs, both the bank and the borrower receive a proportion of the proceeds from the sale of the property based on each party's current equity. This method allows for floating rates according to the current market rate such as the BLR (base lending rate), especially in a dual-banking system like in Malaysia.

got any sevens posted:

can i advocate for trump glassing israel merely so pro-israel people would be dead and unable to accuse everyone of antisemitism?


which sharia bar do i have to pass

gradenko_2000 posted:

A couple of weeks ago I fell into a wikipedia hole reading about religious bans on usury.

See, the Bible doesn't allow usury, and it was enforced literally and strongly enough way back when that people had to let Jewish persons handle financial work, which ultimately played into the harmful stereotype of greedy bankers. Over here in the Philippines, that stereotype was passed down to the Chinese, since they were the ones who didn't have a religious prohibition on predatory loans the way our Spanish colonizers did.

But whereas Christianity simply relaxed their views on usury over time, Islam handled it differently - there's also a prohibition against usury or collecting interest on loans, but instead of twisting the dogma to accommodate, they invented something called sharia-compliant finance.



I thought it was kinda cool how this, at least on the surface, avoids a lot of the more unsavory aspects of Wall Street finance, though I'm sure fuckery still goes on regardless.

got any sevens posted:

you can believe in equality without needing religion as an excuse
hell, plenty of supposedly religious people dgaf about equality

Agean90 posted:

sorry civil rights advocates, wrap it up!

ate poo poo on live tv posted:

You have a sophmoronic view of morality.

Agean90 posted:

reality beats theory. in theory religion has no place

Jazerus posted:

Rand alPaul posted:

Brave noble hero of the proletariat Frank Sobotka was the only good character. Praise him.

Jazerus posted:

bubbles

Concerned Citizen posted:

what countries don't have criminal penalties assigned to not sending your kids to school? i checked 3 random european countries (finland, germany, uk) and all 3 had something, if not necessarily jail at least fines

fits my needs posted:

https://twitter.com/BuzzFeedNews/status/892638597349691392

Concerned Citizen posted:

well those are called "compulsory education laws."

Concerned Citizen posted:

another victory against a mentally ill rando

Corky Romanovsky posted:

There is a country that understands "compulsory education" as it is compulsory for the municipality to provide education to children.

Jazerus posted:

quote:

The trade outline includes seven ideas, according to a white paper shared with The Washington Post. The first is an “independent trade prosecutor” who would supplement the work of the U.S. Trade Representative to ensure that “workers, small companies and major corporations have equal access to the enforcers of our trade laws.”

ate poo poo on live tv posted:

Religion has no place in modern society.

Al! posted:

calling her an oreo is more offensive than that