Muslims in many countries are excused paying bank charges

HSBC Bank has established a special unit, Amanah Bank, to offer Muslim banking services, which are organised so that they do not levy interest charges, which are condemned in the Koran as usury.

http://business.timesonline.co.uk/ar...381575,00.html




Who they hell do they think they are, NAZIS ?

[Yahoshua]

Too late....

http://www.obsessionthemovie.com/HitlerAndTheMufti.mp4

[Skybird]

Actually, this is one of the extremely rare occasions were I tend to agree with Islam, at least in parts, in principle. I think the world would be better off if no one could make additional money by just lending and leasing money to others. It is neither a constructive nor a creative effort. Economical policy and the behavior of companies and the widespread economic selfishness would look different if the principle of interest earnings (Zinserträge) coming from lending/leasing money would not exist.

But I am straying off into utopias...

[August]

Originally Posted by Skybird

Actually, this is one of the extremely rare occasions were I tend to agree with Islam, at least in parts, in principle. I think the world would be better off if no one could make additional money by just lending and leasing money to others. It is neither a constructive nor a creative effort. Economical policy and the behavior of companies and the widespread economic selfishness would look different if the principle of interest earnings (Zinserträge) coming from lending/leasing money would not exist.

But I am straying off into utopias...

But without interest what incentive would there be to lend a person money for a new house or car or whatever? Every time a bank makes a loan to someone they risk that person being unable to pay it back. It seems to me what you're asking is for free money.

[Skybird]

Originally Posted by August

But without interest what incentive would there be to lend a person money for a new house or car or whatever? Every time a bank makes a loan to someone they risk that person being unable to pay it back. It seems to me what you're asking is for free money.

Well, if an apple costs one dollar, and you have three dollars - how many apples can you buy...?

Sure it would be a different world. But would it necessarily be worse? Polcie considers you to fulfill one criterion for identifying you as a terror suspect if you do not have a certain ammount of financial debts on your banking account. That normal we consider it to live on tick! Escpeically the USA is living on tick, too, massively, and all Western nations also do so, to lesser degrees. We are consuming financial values that even do not exist! And this is not absurd...?

[August]

Originally Posted by Skybird

Well, if an apple costs one dollar, and you have three dollars - how many apples can you buy...?

Sure it would be a different world. But would it necessarily be worse? Polcie considers you to fulfill one criterion for identifying you as a terror suspect if you do not have a certain ammount of financial debts on your banking account. That normal we consider it to live on tick! Escpeically the USA is living on tick, too, massively, and all Western nations also do so, to lesser degrees. We are consuming financial values that even do not exist! And this is not absurd...?

That's all very interesting but it has absolutely nothing to do with asking people to lend you money for that house or car or whatever you need now without them getting some compensation for the risk they're taking.

[lesrae]

Originally Posted by Narcosis

HSBC Bank has established a special unit, Amanah Bank, to offer Muslim banking services, which are organised so that they do not levy interest charges, which are condemned in the Koran as usury.

http://business.timesonline.co.uk/ar...381575,00.html




Who they hell do they think they are, NAZIS ?

So what?

[Konovalov]

Originally Posted by Narcosis

HSBC Bank has established a special unit, Amanah Bank, to offer Muslim banking services, which are organised so that they do not levy interest charges, which are condemned in the Koran as usury.

http://business.timesonline.co.uk/ar...381575,00.html




Who they hell do they think they are, NAZIS ?

Who the *&%! do you think you are calling me a Nazi? How the heck does it hurt or affect you in me seeking an account at a bank that does not earn me interest/money in an improper way that's against my religious beliefs. Give me a break. I'm so sick and tired of this. I'm done here.

[aaken]

Even the thread name is wrong. Muslims are not excused paying bank charges, there are special bank account types for muslims in which they do not get any interest. They do pay the bank account charges. They just don't get any interest. Posting an article without even reading it

[XabbaRus]

What's the big deal.

Maybe you should go back to your Daily Mail.

Originally Posted by aaken

Even the thread name is wrong. Muslims are not excused paying bank charges, there are special bank account types for muslims in which they do not get any interest. They do pay the bank account charges. They just don't get any interest. Posting an article without even reading it

Interest charges are bank charges.

As for not reading the article, i did. May be it's the English language that you have difficulty in ?

[aaken]

Maybe I didn't make myself clear. These bank accounts (which already exist, at least here in belgium) you're talking about won't earn the owner of the bank account an interest. Ergo, it is the owner of the bank account who does not get the interests from the bank, not the other way around. I'll try to be even more clear. The muslim that opens such an account will pay his bank charges (for account opening, annual fees for the bank account, fees for the credit cards, fees for the ATM card and so on). But he will not get the interest rates. If the muslim guy asks a loan to the bank, he will pay the interests on the money he's borrowed from the bank. Ergo these "muslim spongers" are not getting any free hand out. I think you've been confusing the interest rates on a loan from a bank with the interest rates of a normal bank account.

As for not reading the article, i did. May be it's the English language that you have difficulty in ?

:rotfl: you're a funny guy, you know?

Originally Posted by Konovalov

Who the *&%! do you think you are calling me a Nazi? How the heck does it hurt or affect you in me seeking an account at a bank that does not earn me interest/money in an improper way that's against my religious beliefs. Give me a break. I'm so sick and tired of this. I'm done here.

Every one else has the burden of paying higher interest rates, while these Muslim spongers get free hand outs.

As for Nazis. What part of history don't you understand , Here educate your self:

http://tellthechildrenthetruth.com/amin_en.html

[Konovalov]

Originally Posted by Narcosis

Every one else has the burden of paying higher interest rates, while these Muslim spongers get free hand outs.

As for Nazis. What part of history don't you understand , Here educate your self:

http://tellthechildrenthetruth.com/amin_en.html

Insults and arrogance won't get you very far and I'm referring to before your post was detoxed by the moderators.

My brother-in-law is a bank manager for HSBC and if you like I can have him run you thru how things work. Better still why don't you phone HSBC and find out for yourself. In the end you will find that it is no different from any other account in terms of overall cost.

I don't appreciate being labelled by you as a "Muslim sponger". I have never taken a single handout in my life be it any benefit from the UK government. HSBC like ALL Banks charge fees, charges and interest. Besides, there is nothing stopping you from opening one of these accounts with HSBC. Anyone within the UK can open one of these accounts.

It's all about choice. YOU HAVE THE CHOICE of any account with any bank. Find the one that's best for you. Stop your hysterical sensationalist whining. Xabbarus put it best when he said earlier in this thread:

What's the big deal.

Maybe you should go back to your Daily Mail.

Here endeth the lesson!

Originally Posted by Konovalov

Insults and arrogance won't get you very far and I'm referring to before your post was detoxed by the moderators.

My brother-in-law is a bank manager for HSBC and if you like I can have him run you thru how things work. Better still why don't you phone HSBC and find out for yourself. In the end you will find that it is no different from any other account in terms of overall cost.

I don't appreciate being labelled by you as a "Muslim sponger". I have never taken a single handout in my life be it any benefit from the UK government. HSBC like ALL Banks charge fees, charges and interest. Besides, there is nothing stopping you from opening one of these accounts with HSBC. Anyone within the UK can open one of these accounts.

It's all about choice. YOU HAVE THE CHOICE of any account with any bank. Find the one that's best for you. Stop your hysterical sensationalist whining. Xabbarus put it best when he said earlier in this thread:

Here endeth the lesson!

HSBC Bank has established a special unit, Amanah Bank, to offer Muslim banking services. Which are organised so that they do not levy interest charges ( the plural), which are condemned in the Koran as usury.

They don’t pay interest on bank services (plural)

It simple English.

http://business.timesonline.co.uk/ar...381575,00.html