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Date: | Wed, 26 Nov 2008 15:52:56 -0500 |
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Wow,
That is worse than paying "Retail". ! :-)
Bob Kondner
-----Original Message-----
From: TechNet [mailto:[log in to unmask]] On Behalf Of R Sedlak
Sent: Wednesday, November 26, 2008 2:44 PM
To: [log in to unmask]
Subject: Re: [TN] A Modern Parable - "No interest" loans
The Muslim societies have developed an interesting way around "paying
interest". The banks actually purchase the item the customer wants. Then
they mark the price up a lot, and turns around and sells it to the customer
at the higher price, on a "no-interest" loan. Thus apparently,
"no-interest" is paid.
Rudy Sedlak
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