Muslims in Britain Demand Sharia-Compliant Student Loans

Page 2 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

momeNt

Diamond Member
Jan 26, 2011
9,290
352
126
They pay fees instead of interest - big deal?

Open up loan documents in word - find and replace - interest with fee. Done.

Doesn't even take a lot of time to change the documents.
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,354
8,444
126
If Christians, Atheist, Jews,,,, all pay interest on their students loans, why should Muslims get special treatment? Is it going to get to the point where we have laws and courts of atheist, laws and courts for jews, laws and courts for christians, laws and courts for muslims,,,,,? Depending on your religious beliefs (or lack of) that is the law the judge uses?

england has canon courts right now. back before henry viii (i am i am) took control of the church the law courts had to ask the canon courts about all sorts of things (if people were married, for example)
 

RocksteadyDotNet

Diamond Member
Jul 29, 2008
3,152
1
0
They pay fees instead of interest - big deal?

Open up loan documents in word - find and replace - interest with fee. Done.

Doesn't even take a lot of time to change the documents.

Pretty much this.

Banks offer no interest loans, but you wouldnt want one. They wack the interest on at the start, or some shit. You better believe the bank is making their money.

Anyone is free to get one, not just muslims.
 

dennilfloss

Past Lifer 1957-2014 In Memoriam
Oct 21, 1999
30,509
12
0
dennilfloss.blogspot.com
I thought the Koran was against usury in the sense that you should not charge interest as the lender, not that you should not pay interest as the lendee. In this case, the government/banks might be 'guilty' of usury but that doesn't mean the people receiving the loan are scot-free to avoid paying interest.
 

woolfe9999

Diamond Member
Mar 28, 2005
7,153
0
0
I thought the Koran was against usury in the sense that you should not charge interest as the lender, not that you should not pay interest as the lendee. In this case, the government/banks might be 'guilty' of usury but that doesn't mean the people receiving the loan are scot-free to avoid paying interest.

They're forbidden to charge OR pay interest. They can't accept the loans if there is an interest charge.
 

Oric

Senior member
Oct 11, 1999
897
66
91
London is the Capital of Islamic Banking. HSBC and other UK based giants have large Islamic Banking departments even seperate institutions. Brits are making huge money from Islamic banking. Having known that why such a demand raised such a roar among the PN crowd is beyond me.
 

Lithium381

Lifer
May 12, 2001
12,452
2
0
wait, interest is against their religion?! this seems like a big thing i'm surpirsed i hadn't heard of it before.
 

ShawnD1

Lifer
May 24, 2003
15,987
2
81
Islam might not be so bad after all.
Interest-free lending is why the Muslim world is so backward and shitty.

When businesses try to start or grow, they need to borrow money. Without interest, nobody lends that money. This means not many businesses start. You won't find a Saudi version of Ford or IBM. That also means you can't borrow money to buy a car or buy a house.
 

Infohawk

Lifer
Jan 12, 2002
17,844
1
0
London is the Capital of Islamic Banking. HSBC and other UK based giants have large Islamic Banking departments even seperate institutions. Brits are making huge money from Islamic banking. Having known that why such a demand raised such a roar among the PN crowd is beyond me.

At some point don't you have to wonder what the point of sharing a country is? Different food, different banks, different clothes, no dogs, etc. What is the point? Why not just live in a majority Muslim country?
 

ShawnD1

Lifer
May 24, 2003
15,987
2
81
At some point don't you have to wonder what the point of sharing a country is? Different food, different banks, different clothes, no dogs, etc. What is the point? Why not just live in a majority Muslim country?

Because Muslim countries are shit holes. It makes more sense to build a Muslim colony in an area that is not a shit hole then leech off the success of everyone else in the area.
 

peonyu

Platinum Member
Mar 12, 2003
2,038
23
81
So ? English people who follow Islam are British citizens just as much as anyone else is, and their voice should be heard. If a large enough segment of the British population wants Sharia compliant loans then so be it...Discrimination has no place in the Western world, and I hope the English-Muslims get what they want.
 

peonyu

Platinum Member
Mar 12, 2003
2,038
23
81
Because Muslim countries are shit holes. It makes more sense to build a Muslim colony in an area that is not a shit hole then leech off the success of everyone else in the area.


They are shit holes only because of Europeans who stole their resources via several centuries of colonialism.
 

randomrogue

Diamond Member
Jan 15, 2011
5,449
0
0
I don't think a place is generally considered a shithole because of its resources. It's considered a shithole because of its people. In this case their governments.
 

Kadarin

Lifer
Nov 23, 2001
44,296
15
81
They are shit holes only because of Europeans who stole their resources via several centuries of colonialism.

Yeah, those poor innocent Muslims who were so peaceful since the foundation of their religion. Righto.
 

RampantAndroid

Diamond Member
Jun 27, 2004
6,591
3
81
Paying interest is against Sharia law, so muslim students in Britain are demanding interest free loans.

http://www.hudson-ny.org/2388/sharia-compliant-student-loans

The question I have, will governments be pushed into having separate laws for every group that stands up and protest?

If Christians, Atheist, Jews,,,, all pay interest on their students loans, why should Muslims get special treatment? Is it going to get to the point where we have laws and courts of atheist, laws and courts for jews, laws and courts for christians, laws and courts for muslims,,,,,? Depending on your religious beliefs (or lack of) that is the law the judge uses?

I respect the right of people worship the religion of their choice, but there has to be a line that society does not cross.

Last I looked they also said that maths was considered to be "of the devil" so maybe they shouldn't have to take math in school. F em, make em pay the same interest rates.
 

pcgeek11

Lifer
Jun 12, 2005
21,595
4,666
136
For starters no one is demanding interest free loans. The structure in the UK has had interest equal to the rate of inflation. That will change next year to 3% above inflation.

Secondly they are saying they won't be able to attend school so....

So .... what?