- No interest
- Sharing of risk by lender and lendee

Islamic banking has a number of prohibitions and restrictions. For example, it bans payment of interest (riba) and related interest-bearing transactions, uncertain transactions (gharar), and financing of particular economic sectors, such as gambling, pork production and alcoholic beverages. There is a condition of sharing the risk of profit and loss between the financing party and the client on transactions and financial transactions based on actual assets or transactions with these assets. It is also necessary to identify the actual assets underlying the transaction.

https://interfax.com/newsroom/top-stories/93320/

In four states not all of Russia. But still a very good development. Jews will try to sabotage this experiment, most specifically CHABAD. I think however, if the Jews see it works and it has promise we will see Jews start talking about the "Islamic system of finance" and hijack it like the parasites they are.

lmao - they are just as greedy as the juice. Instead of interest - they have a ugggggge balloon payment.

Islamic banking is basically the same. Instead of interest, they charge fees.

Any society can decide they want to have interest free money by just creating a currency and issuing it out to people based on work/products/services to be completed. Once those things are completed then the debt can be considered paid, since it is in the benefit of the entire community. Obviously this society will have to come up with a way to set costs for different things, which im sure some finance nerds can figure out.

The entire western economic system is a scam and people can't even begin to understand how it works since they made it a complex web of bull****. It really doesn't have to be so complicated when you have an honest system designed to work for the people, not to make one set of people extremely rich at the expense of everyone else like we say in the USA.

That is better than having the Power of Compound Interest pointed at your head.

I don't think so. Without the Power of Compound Interest, Jewish Money is all but done.

You'll never escape interest. Same result - different terminology.

Imagine the compounding interest accrues and is presented all at once in the form of a balloon payment on the day that you pay your final payment... Hope you escrowed that money the entire term of the loan or else you are fookin fooked.

lol that's the end of investment.

If the loan is successful, that fee is no problem.

If the loan is unsuccessful, the risk is shared so fee goes down.

Massive win for the lendee. Not so much for the lender (Juice Bankers).

You don't get it.

A 500k home will have 494k balloon payment....

One of the reasons the Jewish media hates Muslims so much is because of the outlawing of making money off interest and the printing of fiat money (only Gold/Silver considered real money in Islam).

Of course, most Goyim do not see the bigger picture

Could you clarify what the Jewish media is and I'm pretty sure banking and financial industry is the last thing Jews and Muslims hate each other over.. lol

Gotta admit that was 10/10 troll, you got me for a second. "Most goyim dont see the bigger picture" as you say jews and muslims hate each other over gold vs fiat. That was GOLD.

It's over for democracy.....




oh wait

I don't know much about it but anything is better than the jewish system

That is about the same cut bank gets on 7% mortgage

At least the bank cut will be clearly visible on Islamic Banking

Not hidden behind single digit interest number.

How will they produce vodka?