Posted in Islam, banking, tagged bank, banking, Christian, Dubai, finance, interest, Islam, Jew, money, Muslim, usury on March 28, 2008 | No Comments »
Islamic banking refers to banking by the principles of Sharia, the holy law set out in the Qur’an. The Qur’an forbids the charging of interest in exchange for a loan or “riba”. In some cases, this was also the practice of the Catholic Church in post-Roman through medieval times. Modern banking systems are built around [...]
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Posted in Islam, banking, tagged bank, banking, capital, influence, interest, Islam, Islamic, Muslim, nation, power, profit, religious, reward, risk, trust, United Nations, usury on January 24, 2008 | No Comments »
“As traditional Western bankers count the cost of a reckless lending spree, Islamic banking — which complies with Islam’s law banning the receipt of interest — is surging. Estimated by some experts to be growing by about 15 percent a year, the sector has been forecast by management consultants McKinsey & Co to reach $1 [...]
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Posted in banking, business, commentary, economy, tagged bank, credit, debt, devaluation, federal reserve, fiat, global economy, inflation, labor, loan, money, money-creation, productivity, us-news, usury on January 21, 2008 | No Comments »
To most people, money is what gives them a warm and fuzzy feeling. The illusion of money is that as long as you think you have plenty of it, you are just fine. People have been conditioned to think that money is prosperity. In the 1950s, a millionaire was something special and enjoyed notoriety in [...]
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Posted in election, government, politics, religion, tagged audience, Christian, disciple, Huckabee, Jesus, oval office, persuasion, politics, religion, soldier, usury on January 9, 2008 | 1 Comment »
“Baptist minister and 2008 presidential candidate Mike Huckabee… delivered a sermon of more than 20 minutes on how to be part of “God’s Army” in the middle school cafeteria where the congregation meets.” Washington Post article “When we become believers, it’s as if we have signed up to be part of God’s Army, to be [...]
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Posted in Islam, banking, business, politics, religion, tagged bank, banking, capital, influence, interest, Islam, Islamic, Muslim, nation, power, profit, religious, reward, risk, trust, United Nations, usury on January 3, 2008 | 1 Comment »
For years we’ve heard that Islamic law bans charging interest and dealing with the current banking system. In the eyes of Islam, interest is usury. In the U.S, Islam faithful operate without taking out loans like most citizens of the country. Bankers have had their eyes on Islam for years in an effort to get [...]
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Posted in banking, capitalism, commentary, government, politics, tagged bank, billion, capitalism, control, debt, deposit, dollar, federal reserve, income, interest, labor, legal, money, trade, usury on December 18, 2007 | 1 Comment »
On every $1 billion that the Federal Reserve receives in bonds from the government, the Federal Reserve Bank is legally allowed to create another $15 billion in new credit to lend to states, municipalities, businesses, and individuals or to give away overseas, to charity or the Iraq War. Added to the original $1 billion [...]
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Posted in banking, commentary, government, politics, tagged banker, banking, Catholic, control, debt, England, government, interest, labor, laws, Loyola, money, owner, pay, politician, regulation, Rome, society, system, university, usury, war, work on December 14, 2007 | 1 Comment »
The banking system is quite an amazing thing really and no less amazing is the fact the banking system in this United States is part of a global banking system or Society of Bankers that has functioned and supported the Roman Catholic Church, essentially uninterrupted since the Roman Empire. This is a fact that is [...]
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