thank you for an interesting post. i suggest to use online mortgage calculator on the website of Fizber, it will help.
You may not be aware of what your audience already knows. I can't think of a single shariah scholar, or a bank, that has not agreed that there is Nothing that Islamic about Islamic finance. As you continue your campaign to alarm readers about this fast-growing industry, don't forget to balance your commentary with research that shows that shariah principled investors and financial offerers already acknowledge that shariah sukuk, or Islamic loans are not magical non-interest machines.
Also, I urge you to explore it more, rather than react so quickly. It's not a very simple finance structure.
Thanks for the comment.
It certainly wasn't my intent to 'alarm readers', but rather to point out that in finance there are many ways to skin a cat, so to speak.
Regardless of the terms used to structure the deal, there's time value associated with money / capital. That time value represents the difference between wanting things now, and being able to defer until later.
Historically, most economist have referred to this as 'interest'. And interest has to be paid, it doesn't matter how the deal is structured.
Thanks again.
thank you for an interesting post, I suggest to use online mortgage calculator on the website of Fizber, it will help.
Katanu really wants you to check out the online mortgage calculator.
I understand what you are saying about time value and, though you don't say it explicitly, the risk associated with holding onto something longer for "value" later.
That value may not be there.
And yes, there are so many ways to skin a cat. I wish that federal regulators in the US would talk more publicly about this.
Hmmm. One suspects that Rosa L / Katanu are spam; there's a unusually high level of agreement.
Yup, there's always risk. The future is uncertain. Your method of financing a particular activity may or may not reduce that risk.
Looking over some of the material Shariasender provided, I suspect that the main reason sharia lenders (if that's the appropriate term) haven't been hit as hard as conventional banks is due to an aversion to default risk, which has certainly served them well in the present environment.
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