Quote:Y'all, it's just interest by another name:

 

From the fox piece:

 

"Here's how a Sharia-compliant sale might work between a bank and a Muslim homebuyer: The bank agrees to buy and hold clear title to the house, then enters into a contract to sell the house at an agreed-upon mark-up price that includes profit. The buyer agrees to pay the sale price in installments, or one lump sum. The markup rate is calculated  to compete with prevailing interest rates, so the buyer's monthly payment is roughly equal to what a traditional lender might charge for a loan that combines principle and interest."

 

They'd mark up the house by the amount of interest that would be paid.  A 200k house would become a 350k house over a 20 year loan, and no one says the "i" word.  *poof* - Sharia compliant.  It's no different than changing around terms or language to make things Kosher or Mormon compliant.

If something can corrupt you, you're corrupted already.
- Bob Marley