Australian Politics Forum - islamic banks discriminate

abu_rashid

Gold Member

Offline

Aussie Muslim

Posts: 8353

Re: islamic banks discriminate
Reply #15 - Mar 6^th, 2009 at 12:00pm

Sprint,

I said interest-free accounts, not fee free accounts.

Jordan,

So you know off hand if the ANZ offers interest free accounts?

Anyway I'm sure you can see now the ridiculous nature of your question, and of your 3-post demand that I answer it, and subsequent dismay when I did not (in a timely fashion).

You're a goose really.

Back to top

IP Logged

jordan484 Gold Member Offline Genuine Aussie Posts: 1115	Re: islamic banks discriminate Reply #16 - Mar 6^th, 2009 at 12:27pm No, I don't see the ridiculous nature of my question, nor do I see the relevance of yours. Again you fail to answer a simple question about Islamic banking and instead of being open, honest and informative, you're secretive, arrogant and deflective. You wonder why you have a bad name. Who's the goose?
Back to top	"We should always say that I may refrain from publishing a cartoon of the Prophet Mohammed, but it's because I fear you. Don't for one moment think it's because I respect you." Richard Dawkins IP Logged

Sprintcyclist Gold Member Online OzPolitic Posts: 41491 Gender:	Re: islamic banks discriminate Reply #17 - Mar 6^th, 2009 at 12:43pm Abu - I thought you meant fee free accounts. I am sure any bank would agree to pay someone no interest on their deposit if that is what they wanted. Is that what you meant ? I'ld be happy to borrow money at 0% interest
Back to top	Modern Classic Right Wing IP Logged

Lestat

Gold Member

Offline

Australian Politics

Posts: 1403

Re: islamic banks discriminate
Reply #18 - Mar 6^th, 2009 at 2:04pm

jordan484 wrote on Mar 6^th, 2009 at 12:27pm:

No, I don't see the ridiculous nature of my question, nor do I see the relevance of yours. Again you fail to answer a simple question about Islamic banking and instead of being open, honest and informative, you're secretive, arrogant and deflective. You wonder why you have a bad name. Who's the goose?

HAHAHA.

Fair dinkum...your level of stupidity makes discussing anything with you a complete waste of time. Between you and boofy, I'm not sure which is more thick in the head. You two are truly a match made in heaven.

Perhaps you should do some research...learn what 'Islamic banking' actually is. At least the basic definition, and then you might see the 'ridiculous' nature of your question. I doubt it though...so let me help you out, cause I feel sorry for you.

Do you think that the ANZ, by offering interest free accounts discriminates against non-muslims?

Back to top

IP Logged

abu_rashid

Gold Member

Offline

Aussie Muslim

Posts: 8353

Re: islamic banks discriminate
Reply #19 - Mar 6^th, 2009 at 3:05pm

Jordan,

Quite simply put, I have no idea whether MCCA discriminate against non-Muslim clients (As I said, ask them), my guess would be no, since they're an Australian company running by Australian laws... Then again, anyone with half a neuron woulda come to that conclusion in the first few milliseconds of the discussion.

Hence my question to you about ANZ, as I was pretty sure you too wouldn't know the answer off the top of your head, and neither would I expect you to go and reasearch for me, yet you seem to think that's my life long ambition.. to answer your petty ridiculous questions.

So no secretiveness, no arrogance, no deflection, simply don't know enough about them to answer... but really come on, the question is ridiculous to begin with.

Sprint,

Quote:

I am sure any bank would agree to pay someone no interest on their deposit if that is what they wanted.

Surprisingly they won't, unless they already have special accounts available like that. I used ANZ in this example, as I happen to know they do offer interest free accounts. See something good (halal) did come across the Tasman after all Wink

Quote:

I'ld be happy to borrow money at 0% interest

Better drop your hatred for everything Islamic then, and get down to your local MCCA branch and sign up.

Back to top

IP Logged

Sprintcyclist

Gold Member

Online

OzPolitic

Posts: 41491
Gender: male

Re: islamic banks discriminate
Reply #20 - Mar 6^th, 2009 at 3:14pm

you have got me a bit lost here abu.

Are you saying, the ANZ have accounts which people can deposit their savings into, but the bank pay the customers no interest ?
And that is a good thing ?

And you are saying islamic banks do not charge interest on loans to customers ?
So how do they make profit, or operate and pay their staff ?

Back to top

Modern Classic Right Wing

IP Logged

jordan484

Gold Member

Offline

Genuine Aussie

Posts: 1115

Re: islamic banks discriminate
Reply #21 - Mar 6^th, 2009 at 3:15pm

abu_rashid wrote on Mar 6^th, 2009 at 3:05pm:

Jordan,

Quite simply put, I have no idea whether MCCA discriminate against non-Muslim clients (As I said, ask them), my guess would be no, since they're an Australian company running by Australian laws.

Then that's all you should have put as your answer when I first asked. No arrogance, no deflection, no secretiveness and no abuse, and no need for the long, protracted thread with the lap dog terrier yapping madly about.

Back to top

"We should always say that I may refrain from publishing a cartoon of the Prophet Mohammed, but it's because I fear you. Don't for one moment think it's because I respect you." Richard Dawkins

IP Logged

jordan484

Gold Member

Offline

Genuine Aussie

Posts: 1115

Re: islamic banks discriminate
Reply #22 - Mar 6^th, 2009 at 3:19pm

Sprintcyclist wrote on Mar 6^th, 2009 at 3:14pm:

you have got me a bit lost here abu.

Are you saying, the ANZ have accounts which people can deposit their savings into, but the bank pay the customers no interest ?
And that is a good thing ?

And you are saying islamic banks do not charge interest on loans to customers ?
So how do they make profit, or operate and pay their staff ?

The ANZ and CBA don't offer interest free accounts, but if asked by a muslim (or anyone else) to NOT pay interest into their account they will oblige, why wouldn't they?

This is no way discriminates against anyone, this is a choice that can be made if someone wants.

Not sure how it works when charging interest for loans, my guess would be the banks would be less than happy with this arrangement.

Back to top

"We should always say that I may refrain from publishing a cartoon of the Prophet Mohammed, but it's because I fear you. Don't for one moment think it's because I respect you." Richard Dawkins

IP Logged

tallowood

Gold Member

Offline

Израиль Навсегда

Posts: 7519
Gender: male

Re: islamic banks discriminate
Reply #23 - Mar 6^th, 2009 at 3:26pm

abu_rashid wrote on Mar 6^th, 2009 at 7:09am:

Tallow,

Quote:

If it is true is this practice discriminatory, which means that it is you and not sprint who are speaking a load of crap?

People can choose to invest their money wherever they like. If they choose not to invest in something they find morally wrong, that's hardly discrimination.
...

The same way people can choose if they want muslim institutions like schools, mosques, and islamic banks to move in their area. If they say NO that's hardly discrimination as well. Do you agree?

Back to top

עַם יִשְרָאֵל חַי

IP Logged

Lestat

Gold Member

Offline

Australian Politics

Posts: 1403

Re: islamic banks discriminate
Reply #24 - Mar 6^th, 2009 at 3:31pm

jordan484 wrote on Mar 6^th, 2009 at 3:19pm:

The ANZ and CBA don't offer interest free accounts, but if asked by a muslim (or anyone else) to NOT pay interest into their account they will oblige, why wouldn't they?

Wrong again...

The ANZ do offer interest free accounts...it is a deal where they waive the bank fees if the account holder opts to not receive interest.

The Commonwealth Bank does not offer this service, hence even if a muslims (or anyone) asked for it, they would not oblige. The Commonwealth Bank will not allow you to open an interest free savings account...I know, because I've tried.

Back to top

IP Logged

tallowood Gold Member Offline Израиль Навсегда Posts: 7519 Gender:	Re: islamic banks discriminate Reply #25 - Mar 6^th, 2009 at 3:34pm Do muslim banks aprove loans to islamic terrorist organisations or their proxies?
Back to top	עַם יִשְרָאֵל חַי IP Logged

jordan484 Gold Member Offline Genuine Aussie Posts: 1115	Re: islamic banks discriminate Reply #26 - Mar 6^th, 2009 at 3:36pm http://muslimvillage.com/forums/index.php?s=&showtopic=11063&view=findpost&p=521...
Back to top	"We should always say that I may refrain from publishing a cartoon of the Prophet Mohammed, but it's because I fear you. Don't for one moment think it's because I respect you." Richard Dawkins IP Logged

Sprintcyclist Gold Member Online OzPolitic Posts: 41491 Gender:	Re: islamic banks discriminate Reply #27 - Mar 6^th, 2009 at 3:38pm lestat - so the anz and the CBA do not discriminate on belief?? And how does islamic banking financially exist ? they take a cut of the profit of a successful business loan ?
Back to top	Modern Classic Right Wing IP Logged

abu_rashid

Gold Member

Offline

Aussie Muslim

Posts: 8353

Re: islamic banks discriminate
Reply #28 - Mar 7^th, 2009 at 2:14am

sprint,

instead of giving you the money to buy the home (or other item, car etc) they buy it, and then you lease-to-buy from them. So you pay a certain amount of rent per week, then anything you pay on top of that, is to increase your equity in the item as you increase your equity your rent costs are reduced, as you are a larger owner of the item now, until eventually you own it all.

Back to top

IP Logged

Sprintcyclist Gold Member Online OzPolitic Posts: 41491 Gender:	Re: islamic banks discriminate Reply #29 - Mar 7^th, 2009 at 12:01pm Abu - sounds fair enough. One of my mates runs a business and does the same thing.
Back to top	Modern Classic Right Wing IP Logged