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Bill O'Riley is GENIUS posted:Sorry, ignorant American here, but what the heck is Sharia finance?! There are similarly racist fucks over here whining about Sharia law, but Sharia finance?! Are there certain kinds of Muslim bookkeeping that are destroying the good old British ways or something? It's hard to believe this isn't all a big joke. Islamic banking Wikipedia posted:Islamic banking (or participant banking) (Arabic: المصرفية الإسلامية) is banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba or usury) for loans of money. Investing in businesses that provide goods or services considered contrary to Islamic principles is also haraam (forbidden). While these principles have been applied in varying degrees by historical Islamic economies, it is only in the late 20th century that a number of Islamic banks were formed to apply these principles to private or semi-private commercial institutions within the Muslim community.
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May 7, 2012 15:45
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| # ¿ May 22, 2024 05:36 |
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