Comments on: Islamic Financing

By: kamal toorabally

kamal toorabally — Tue, 05 May 2009 02:48:13 +0000

very inspiring information. Kamal

By: Rana kawa

Rana kawa — Mon, 27 Apr 2009 08:23:48 +0000

how you calculate the missing of buyer payment in your program? does the buyer loose percenatge of ownership transfered to guidance share? please inform

By: ali choate

ali choate — Sun, 26 Apr 2009 11:10:40 +0000

i am 63 and a hajji, islam is the solution to all
the questions,speak to a trained shaykh and join an islamic credit union like the one in TRINIDAD is so good a feeling to be riba free in america i should know you must be educated first it will open a new world for you.

By: Jacob Crawford

Jacob Crawford — Sat, 18 Apr 2009 12:47:49 +0000

A very impressive article. As a Christian I find it refreshing that charging interest is against the Islamic laws. Whether it is called interest or usury, it is also against God’s laws found in the old testament. I believe it is possible to derive a system of financing that respects both factions if the emphasis is taken off greed and put on trust in God and his laws.

By: Hassan

Hassan — Fri, 17 Apr 2009 05:06:14 +0000

Islamically, charging late fees itself is a Riba` and forbidden

By: Hassan

Hassan — Fri, 17 Apr 2009 04:59:04 +0000

`And If the debtor is in a difficulty, grant him time till it is easy for him to repay. But If you remit it by way of charity, that is best for you If you only knew` Quran Sura Al-Baqra`.280

By: mohammed

mohammed — Fri, 17 Apr 2009 04:20:16 +0000

because an institution call itself an islamic one does not mean it is. I asked many scholars to assess the so called Islamic financing institutions and most of them consider them unIslamic. Additionally, it is known that financing with these institutions is very costly so that is almost selective and the payments are usually higher that the ones from regular interest financing. The spirit of Islam is totally absent from all the “islamic” financial institutions I’ve known. It’s unfortunately another way peoples’ beliefs are used to suck them dry. there are just too many unknowns, I prefer renting I am only a visitor to this world, I will lave very soon and I have no intention to tarnish my book.

By: American

American — Fri, 17 Apr 2009 01:26:50 +0000

Today the only economic solution is interest free world. You name the industry…be it Auto, Housing, Hospitality, banking, etc…they all got immersed into making money thru interest. There are lot of ways even without interest still you can make money. See the example of Guidance and Lariba,etc. These cos. are still making money with charging the interest.

By: Aftab Khan

Aftab Khan — Wed, 15 Apr 2009 00:44:50 +0000

Muslim in USA definetly need Islamic financing for realizing their dream of owning home and getting wealthier without sacrificing their faith.May Allah reward each and everyone who work tirelessly to provide real shariat complaint financing product .

By: USMAN ALI MIR

USMAN ALI MIR — Tue, 14 Apr 2009 19:19:42 +0000

I AM VERY MUCH INSPIRED BY LITSENING OF SUCH ISLAMIC BANKING INFORMATION. PLEASE INCLUDE THE TERMS AND CONDITIONS OF GETTING LOAN IN ISLAM.