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Isn't sharia/Islamic compliant lending just a paper flim flam fixed interest loan in other words?
I thought they got around it by calling the interest bill "fees" loaded onto property price?
Basically, a marketing wrapper to make It ok for Muslims to borrow money and pay interest by other means?
Any which way it rolls, if it's public funds/program, isn't it discrimatory and illegal for it to be offered to a single group based on religion?
Private funds, who cares. Every day various family/ethnic groups pool their funds for the family/community good rather than go to banks.
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