Islamic banking

Should I switch to an Islamic bank account?

>no interest AT ALL
>not allowed to invest in degeneracy (gambling and pornography)
>avoided the 2008 financial crisis
>curbs inflation
>mortgages without enslavement because no interest
>triggers the jews

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alrayanbank.co.uk/
investopedia.com/terms/i/islamicbanking.asp
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You still pay interest they just call it a fee lol

It's another step toward de facto Sharia and at some point will probably be charging you de facto Jizya tax. But I think there's nothing wrong with using it as part of a diversified approach.

Either you out-Jew the Jews, or the Jews Jew you. So if it presents a better option than a Jew bank then take advantage of it.

Heh, ok, they already did build in Jizya tax.

How can I join Islam Religion?

In the US, what you do is go to prison and then some guy convinces you to join the club.

If the no interest part is true, yes you should.

But the fee is a set amount and not compounded, right?

Islamic economics is GOAT tier. It's the ultimate solution to the failure of capitalism and the failure of communism. Real social justice while maintaining economic stability and freedom. (((They))) will hate it because usury and degeneracy are strictly forbidden.

Give me an example of an Islamic bank.

>>no interest AT ALL
Then why would you have an account with that bank? If you're not going to be having even marginal interest just put your money in gold.

>No interest on loans
BUT
>No interest on investments either
Interest goes both ways bro.

I heard they were importing the immigrants to sell debt to them, since the host population is already fucked. This makes me wonder if that is true.

> If the no interest part is true, yes you should.
meh

Go to germa-

>join islam
>don't pay jizz tax

Woah, good point there Chaim.
I get excited every year at the 0.05% interest my account accrues every year while the bank charges me 3.5% to buy car.
Truly, my jewish overlords, I mean bank, have my interests at heart.

alrayanbank.co.uk/

This seems to be the main one though there used to be a current account at Lloyds TSB

>flag
of course

(((("Islamic" banking))))

Islamic mortgages are shit. The bank buys the house and charges rent u til you pay it off.

Isn't this better than getting raped in compounded interest though?

Honestly, islamic style banking is a lot more responsible and debtor friendly than western style banking.

It's probably the only thing about Islam that I can find nice things to say about other than generic community and heritage blah blah blah for people whose families/communities are Muslim.

You also don't have to worry about being financially ruined by a foreclosure.

The fee is dependent on the time and the amount so of course it's compounded if you imagine it rolled over infinite many times.

It works the same way.

They just rename interest to shit like "gift fees"

No bank would ever work if it never made a profit

This comes from the Investopedia page describing how Islamic banking works.

"In order to earn money without charging interest, Islamic banks use equity-participation systems. This means that if a bank loans money to a business, the business pays back the loan without interest, but it gives the bank a share of its profits."

So if you buy a home with zero percent interest and sell it later at a profit. Does bank get a percentage of the profit of the sale?

investopedia.com/terms/i/islamicbanking.asp

>Then why would you have an account with that bank? If you're not going to be having even marginal interest just put your money in gold.

I think they give bonds to customers.

>So if you buy a home with zero percent interest and sell it later at a profit. Does bank get a percentage of the profit of the sale?

I think that is one possibility.

But I've also heard of a scheme where you pay rent over the part of the home owned by the bank.

ie: at the start you pay a full rent since the bank is the full owned of the house, but as you pay off your mortgage the rent gets lower accordingly.

The business is not gonna pay more if it gets a windfall or not compensate the bank if it runs a loss. It's de facto interest.

Because he's a moron

Unless the bank is still holding title or whatever to the house then I don't see how they could really enforce that unless you signed a contract agreeing to it. Interesting question.

I have no idea what they do, but maybe the better analogy would be that they get a share of your income for the duration of the loan. Then after that you finally own it outright.

>The business is not gonna pay more if it gets a windfall or not compensate the bank if it runs a loss.

Are you use about that?

I think the whole idea is that the bank invests in your company by providing a loan.
So the bank has a mutual interest to see your business flourish.

Unlike Jewish banking where the bank tries to destroy your business.

good luck in 50 years when that oil money runs out

interest =/= fees =/= usury
I abhorr Islam, Muslims, and everything about their sandnigger hellhole culture but goddamn if they didn't figure out how to deny the Jews power. It's really genius tbqh

Would you still be able to invest or would that be considered gambling/gaining interest?