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Bank Accounts
#18
RE: Bank Accounts
(April 22, 2015 at 7:40 pm)Nope Wrote:


I don't know if there are similar verses in the Quran that seem to go against saving wealth. Are there Muslim groups that don't use banks? 

Motivated believers are able to create work arounds and associated rationalizations for pretty much any divine command they want to abrogate.
Hence the Shabbat_elevator for devout Jews who "can't" operate machinery (switches) on certain days.

Similar work arounds exist in Islamic banking.
Quote:Sharia prohibits acceptance of specific interest or fees for loans of money (known as riba, or usury), whether the payment is fixed or floating. Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("sinful and prohibited").
Quote:In 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,

See, no interest. All clear and above board.
Of course, the net effect is identical, but the participants can argue their cases at judgement.
And it allows Moslems to involve themselves in profit from finance where they would have been forbidden if they were consequentialists rather than divinely commanded.
So how, exactly, does God know that She's NOT a brain in a vat? Huh
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Messages In This Thread
Bank Accounts - by Nope - April 22, 2015 at 7:40 pm
RE: Bank Accounts - by Regina - April 22, 2015 at 7:45 pm
RE: Bank Accounts - by Dystopia - April 22, 2015 at 8:23 pm
RE: Bank Accounts - by Tonus - May 8, 2015 at 6:40 am
RE: Bank Accounts - by SteelCurtain - April 22, 2015 at 9:23 pm
RE: Bank Accounts - by Iroscato - April 22, 2015 at 10:57 pm
RE: Bank Accounts - by vorlon13 - April 22, 2015 at 10:50 pm
RE: Bank Accounts - by Godschild - April 23, 2015 at 12:47 am
RE: Bank Accounts - by Nope - April 23, 2015 at 9:22 am
RE: Bank Accounts - by Godschild - April 23, 2015 at 9:35 pm
RE: Bank Accounts - by Nope - April 24, 2015 at 12:58 pm
RE: Bank Accounts - by Thumpalumpacus - April 24, 2015 at 2:10 pm
RE: Bank Accounts - by Jenny A - April 23, 2015 at 1:07 am
RE: Bank Accounts - by Foxaèr - April 23, 2015 at 1:15 am
RE: Bank Accounts - by robvalue - April 23, 2015 at 9:10 am
RE: Bank Accounts - by Vox Populi - April 23, 2015 at 10:20 am
RE: Bank Accounts - by Joods - April 23, 2015 at 11:39 pm
RE: Bank Accounts - by Vicki Q - April 26, 2015 at 11:50 am
RE: Bank Accounts - by JuliaL - April 26, 2015 at 12:13 pm
RE: Bank Accounts - by Nope - April 26, 2015 at 7:25 pm
RE: Bank Accounts - by henryp - April 26, 2015 at 4:52 pm
RE: Bank Accounts - by Thumpalumpacus - May 6, 2015 at 11:24 am
RE: Bank Accounts - by henryp - May 6, 2015 at 7:37 pm
RE: Bank Accounts - by Thumpalumpacus - May 7, 2015 at 12:00 pm
RE: Bank Accounts - by henryp - May 7, 2015 at 6:45 pm
RE: Bank Accounts - by robvalue - April 26, 2015 at 10:36 pm
RE: Bank Accounts - by Wyrd of Gawd - May 5, 2015 at 8:24 pm
Bank Accounts - by KUSA - May 5, 2015 at 9:35 pm
RE: Bank Accounts - by Brometheus - May 7, 2015 at 10:41 am
RE: Bank Accounts - by abaris - May 7, 2015 at 7:04 pm

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