Minus The Nemesis
A Collaboration of Some of the Finest Thought on Today's World


Wednesday, September 07, 2005
This is but one example.

Totally forbidden by the Koran, is the concept of "riba", or making interest on loaned money. Basically what this amounts to is in reference to any unjustifiable advantage in trade dealings, not just limited to interest. In the article, a family is buying a home, but not the way that non-Muslims do. The family is allowed to purchase the home in a sort of rent-to-own scheme via a special Muslim financial group. It is believed by Muslims that a lender shares in both profit and loss. I found a quote from the Koran that pertains to the subject:
"Cursed be the one who accepts usury, the one who paid it, the witness to it, and the one who recorded it."
--Abu Dawud
I did some further research and found that in order to share in the gain/loss aspect of this system, the money must work. A savings account is not a savings account for non-Muslims, for example. Instead, the individual's money is directly invested in ventures such as construction and real estate. If the money makes money on the ventures, they must all share the gain. If the ventures lose capital, they must all deal with the loss.

This brings me to an important thought in respect to the funding of terrorism: if these terrorists using legitimate businesses (in the United States) and foreign aid as a channel (in deference to Al-Aqsa dealings in Norway and Sweden to finance Hamas) to fund their illegitimate activities, how is that in alignment with Allah or the Koran? Surely they must know about Allah and the Koran; they are fighting in accordance with it right? So, when terrorist financiers and the terrorists themselves receive this "dirty" money, how is their cause even legitimate to begin with? Suppose the foreign aid is money that has gained interest before switching hands; isn't even accepting the money against the laws of the Koran? Seems a bit contradictory and superficial to me.


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