Foreclosures destroy many Americans but Muslims ok???

[ShahirahMonet]

Sometimes Muslims may be somewhat obliged to pay interest on somethng, like school loans.

[ShahirahMonet]

Wow you really are an open minded person. You speak about Islam from a non biased position. I do believe that Allah is allowing you to NOT be ignorant of His religion, for a very good reason. I hope one day you embrace Islam!

[ottawadeals]

@clevonamerica

The reason it's hard to do without interest in America is that there are no banks that support the islam faith. In other countries even in europe, there are banks which will buy the house and you pay the rent till the house is payed off.

My point is profit is legal in Islam. But profit through interest is illegal because the citizen's rights are not protected.

[eurasianchica]

I'm sorry to comment off topic but have you heard, the government just siezed several mosques as an anti terrorism act?

oh america what have you gotten yourself into....

[UncleBen456]

Well if you live in america its hard not to pay intrest

[EvelynGB]

So many people do it. It isn't really that hard.

[sumayahrose]

yeah there are a lot of people who do credit that are muslim.....

because they go by the glitter and pomp of America...cause it was easy upfront.....

sad....

[sumayahrose]

come on it is all apart of a cycle of HUDs development plan that was ineffective... way to develop more assets, filter the money back to the wealthy in a form of affordable housing, then they didn't lose anything, cause a property is money, yeah the credit thing is wrong.........

[HAGROOS]

unfortunately many muslims especially the secular among them don't pay much attention to the implementation of sharia law in their lives, they say that it's (sharia law ) an old fashioned law that can't be implemented in our "modern" world, but day after day, sharia law is more proven to be valid for every time, place and society, the Islamic financing laws are being paid much attention now after the last worldwide financial crisis, God is the most wise, All knowing.

[qwertyfshag]

Canada has strict rules for borrowing money. they check your credit and you have to go through a lot of steps to get a morgage

[hurbaga]

it's not painful not even imparssing ..

it's just a real faith problem a big faith problem it's reba it's one of the must kba'er (the worst) ..

he money has no baraka if he did reba ..

[solitair1]

by the way Bret, are you a real estate broker?

[clevonamerica]

i was an agent at our family brokerage but let my license expire because i primarily handle transactions only for properties we own

but i am quite knowledgeable in this area and have transacted many residential and commercial real estate deals

bret

[solitair1]

I bought a house in my homecountry last year. It was not with interest but they give oyu instalments. In other words if you pay the full amount upfront you get a nice discount. You go to a realtor and they give you the price of the property and you can either buy it upfront and be able to negotiate a better price or you pay full asking price in a 2 or 3 years terms, no interest added. I think that's a fair way to buy and sell a property.