Comments on: Islamic Banking uses interest

By: Webmaster

Webmaster — Thu, 10 Jun 2010 10:51:46 +0000

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By: There is no special Islamic finance finally confirmed | Cafe of Broken Dreams by John

Tue, 01 Dec 2009 10:51:56 +0000

[...] year ago I’ve published an article saying that Islamic mortgage is nothing special, but just a common copied western concept of [...]

By: janko

janko — Thu, 29 Oct 2009 15:26:22 +0000

To use accounting terminology, one might say that interest is charged on circulating capital whereas Rent on fixed capital.

Real estate is also a “circulating capital” – no asset has constant value

i) there is a gain at a predetermined rate on the loan, and
ii) the nature of the transaction is such that the commodity borrowed can be ‘used up’ to generate revenue

i) There is a gain at a predetermined rate on a house which is used for rent
ii) “used up” … mixing two things together “used up” part is expressed by amortization, time value by interest – there is other things which don’t have to have any amortization e.g. software

By: Asif

Asif — Thu, 29 Oct 2009 09:11:00 +0000

http://www.studying-islam.org/querytext.aspx?id=841