The Conservative Cave
Current Events => General Discussion => Topic started by: Chris_ on August 22, 2011, 12:36:51 PM
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Muslims demand Sharia student loans because paying interest goes against Islamic law
Muslim groups are calling for a separate student loan system because the interest due to be charged will conflict with rules of Sharia law.
The changes to tuition fees, which come into force next year, will see students charged higher rates of interest on the loans they take out to pay for university.
Until now they have paid the market rate of inflation but the reforms mean students who go on to earn more than £21,000 will have to pay interest of up to 3 per cent.
Daily Mail (http://www.dailymail.co.uk/news/article-2028782/Muslims-demand-Sharia-student-loans-paying-goes-Islamic-law.html#ixzz1VmOVxJaE)
Three percent! Oh no! ::)
If you don't like the rules, you don't have to play the game.
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Daily Mail (http://www.dailymail.co.uk/news/article-2028782/Muslims-demand-Sharia-student-loans-paying-goes-Islamic-law.html#ixzz1VmOVxJaE)
Three percent! Oh no! ::)
If you don't like the rules, you don't have to play the game.
If they weren't too busy thinking like liberals, they could start their own company making loans to their fellow gutter-religioners and make money.
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Demand in one hand and .....well, you know.
Make that wipe with the left hand and shit in the right hand so they will both be "unclean".
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:thatsright: it is never going to stop
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Well, if that's how they want to play it, give them the additional options of either paying it all back cash on the barrelhead within six months of graduation/quitting, or rendering two years of hard labor for every year in school (Three halals and a cot, plus a pittance of an allowance for bare necessities until worked off). Pretty mild terms by traditional Islamic standards, I should think.
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Just wondering as a Christian or a Jew how much tuition assistance I could receive at a university in Beirut, Gaza City, Riyadh, Tehran or Jakarta?
Oh wait, as a Christian or a Jew I wouldn't even be allowed to set foot in any of those places, let alone apply for financial help from those people would I?
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Well, if that's how they want to play it, give them the additional options of either paying it all back cash on the barrelhead within six months of graduation/quitting, or rendering two years of hard labor for every year in school (Three halals and a cot, plus a pittance of an allowance for bare necessities until worked off). Pretty mild terms by traditional Islamic standards, I should think.
Make it 3 easy payments of just $333,333.33...for each year.
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If you don't like the rules, you don't have to play the game.
If they don't like the rules, they are should be FORBIDDEN to play the game.
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They want Sharia student loans? I'm sure they'll find it to their heart's content at any school/madrassa that practices Sharia Law. As Sharia is incompatible with any other course of study in America, I'd have to say they're shit out of luck anywhere else.
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Not just no. Not just Hell No but, Hell ****ing NO
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Well you muslim whiney butts... don't borrow the money if you don't like the terms. Better yet... move to Saudi Arabia.
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This is the "death by 1,000 paper cuts" way of killing a nation, and Islam is becoming well practiced at it. Clog up the legal system with bullchit complaints when it is wholly within their power to follow their religion without special accomodations.
As I said, create your own @$%!ing student loan company and make all the kosher loans you want. Dipchits.
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Something doesn't track for me here. I know several Muslim families that all have mortgages on their homes, with interest rates. One family also has a business, with a couple of loans for it, also with interest. These do not seem to be in conflict with their laws, but somehow interest on a student loan is?
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Something doesn't track for me here. I know several Muslim families that all have mortgages on their homes, with interest rates. One family also has a business, with a couple of loans for it, also with interest. These do not seem to be in conflict with their laws, but somehow interest on a student loan is?
It's a "Convenient" interpretation of their religion. The provision involved (To the extent it even applies) like so many other business-killing religious dictates, has common fictions or work-arounds to avoid its true effect. Christians are prohibited from usury, but the definition of "usury" has changed over the centuries to mean the charging of excessive interest, rather than the charging of any interest, as it once did.
I am not familiar with this particular supposed prohibition in Islam, but if it is like the old traditional Christian interpretation, it would prevent only the charging of interest by the lender, not the payment of it by the borrower. If that's the case here, the entire objection is entirely specious.
By way of example on those fictions and work-arounds, prior to modern usages, life insurance was considered a payment of blood money and thus prohibited under Islam, until more modernly these policies came to be viewed as technically something else such as an exchange of gifts (Premiums during life vs. payouts on death) or simply a return of an investment (Islamic insurance salesmen must have really loved the company spiel on whole life and universal life policies on that one).