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Islamic Banking


Abu Haddad
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Islamic banks work by gaining profit from loans and moragtes without interest.

It works like a person wants a house but can't afford it, So the bank will buy the house and the person will pay the bank until the house is paid for plus a little bit extra.

I am seeking people who would be willing to investing this scheme.

Person A needs resources or money to do something.

The bank will provide the resources and money

The person will pay back gradually a fixed rate and a small fee to the bank.

We need at least 1 mil to begin this scheme.

Caliph of The Caliphate of Arabia. Caliph of the Islamic State of Arabia. Principle of The Principality of Chechnya. Grand Emir of The Emirate of The Caucus. Emperor of the Empire of Persia. Sultan of The Sultanates of Turkey and The Crimea. Czar of the Tsardom of The Balkans. Archon of The Archonate of Greece. Supreme Consul of The Consulate of Italy. Shah of The Shahdom Of Khorason

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Islamic banks work by gaining profit from loans and moragtes without interest.

It works like a person wants a house but can't afford it, So the bank will buy the house and the person will pay the bank until the house is paid for plus a little bit extra.

I am seeking people who would be willing to investing this scheme.

Person A needs resources or money to do something.

The bank will provide the resources and money

The person will pay back gradually a fixed rate and a small fee to the bank.

We need at least 1 mil to begin this scheme.

 

... ... ... 

 

Is the logic it ain't interest if you don't call it interest?

 

The only way to run an interest free bank would be to attract interest free savings which provide the capital for you to then lend at 0% interest. A difficult enough task in real life, let alone here I'd say.

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he has $99,308.34, 0.00 coal, 943.94 oil, 1,324.18 uranium, 0.00 lead, 117.23 iron, 0.00 bauxite, 269.94 gasoline, 208.76 munitions, 97.97 steel, 121.52 aluminum, and 2,364.07 food.

 

make of that what you will

Edited by Jack Mcfloyd

    pr_source.175x175-75.png

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This is the wrong section. You're promoting Islam, not making a game related offer.

Edit: my bad, this fits the loosest definitions of an offer. But really, asking someone to give you money so you can loan it to someone else?

Edited by durmij
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Sometimes Islamic bank make profits by brokering as well. For example, If you want to buy 2000 steel and doesn't have money to do so, you can approach the Islamic bank and the bank will give 2000 steel at it's own price (that works as interest), which can be paid in instalments over a period of time. In your case, extra money works as interest. But whatever the system is, there will always be some form by which the banks can make profit.

 

If you are looking for people to invest in your bank, first stop raiding and try to project yourself as trustworthy.

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1,324.18 uranium, 

 

make of that what you will

Caliph of The Caliphate of Arabia. Caliph of the Islamic State of Arabia. Principle of The Principality of Chechnya. Grand Emir of The Emirate of The Caucus. Emperor of the Empire of Persia. Sultan of The Sultanates of Turkey and The Crimea. Czar of the Tsardom of The Balkans. Archon of The Archonate of Greece. Supreme Consul of The Consulate of Italy. Shah of The Shahdom Of Khorason

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I will give a nation $1,000,000 for 300 steel. They give me the steel like 50 a week .

Caliph of The Caliphate of Arabia. Caliph of the Islamic State of Arabia. Principle of The Principality of Chechnya. Grand Emir of The Emirate of The Caucus. Emperor of the Empire of Persia. Sultan of The Sultanates of Turkey and The Crimea. Czar of the Tsardom of The Balkans. Archon of The Archonate of Greece. Supreme Consul of The Consulate of Italy. Shah of The Shahdom Of Khorason

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  • 3 weeks later...

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