Is Islamic finance the answer?

AS usual, you are missing the point entirely. What do they teach you in them Israeli schools, apart from how to kill arab women and babies? lol.

The point is that when money is used as an item of trade, people lose out, people lose their homes, their life savings, their lives are destroyed. People even end up killing themselves because the fact that money is used as a product. Look at derevatives.

Don't know how you came to that conclusion, when it was implemented properly, the countries advanced and were in the golden age and fluroshing, the same can't be said for communism.

 

for some tarot cards work even if it was a coincidence that makes them think so, give them something better, that can really tell fortune, if there was any, for sure, they will go for it and stop using tarot cards.

for all, OJ does not work to move the car, gas does, but later if somebody invented an engine that works on OJ, then people would use it over gas if it was cheaper, more friendly to environment....etc

gas will be history then..

what is allowed exactly here with people from other religions, to give them loans and take interest from them, or to take loans from them and pay them interest? or both?

if it was so good, why don't they use it in between themselves? instead of giving this benefit to people not from their religion, knowing that each of these looked at people not from their religions as enemies, or on its least, people who does not deserve to get such great benefit?

if you think the "Islamic bank" can't really loose, despite risk sharing, and not converting people into slaves of the debt, by giving them what they paid so far before they fail to continue paying for something like a house, then GREAT,

why did some major Western banks loose?

I guess U.S. treasury also is doing some public relations for Muslims that's why they are teaching Islamic finance?

most of your argument is:

if Islamic finance was so great? why are all Muslims countries are poor, except those who have oil?

if it is so great why the GNI is 47k in US and just 3k in Jordan?

what makes a country rich? is it's financial system? or it's resources, exports? products? stability?and not having corruption? and other elements? Jordan already is in debt and paying so much for debt service (interest) every year,

besides, if it was the financial system that makes a country rich or poor, then why did Iceland declare national bankruptcy, was it using a system that does not allow interest?

 

Most new ideology will flourish when it starts out, the success only is seen farther into the future.

Peace,

 

lol what?

 

Dubai has given the answer......