Australian Politics Forum - Plan for Muslim Enclave In Sydney Suburbs.

freediver Gold Member Offline www.ozpolitic.com Posts: 49456 At my desk.	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #15 - Jan 11^th, 2013 at 1:32pm I'm interested to know how these loans work too. As far as I can tell it is a rent to buy type situation, and they just add the interest onto the price and other charges. I don't think the Islamic rule is against profiting from the situation, just interest.
Back to top	People who can't distinguish between etymology and entomology bug me in ways I cannot put into words. IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96661

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #16 - Jan 11^th, 2013 at 2:37pm

Yadda wrote on Jan 11^th, 2013 at 12:39pm:

Big Dave wrote on Jan 11^th, 2013 at 12:24pm:

Karnal wrote on Jan 11^th, 2013 at 11:26am:

Big Dave wrote on Jan 11^th, 2013 at 11:09am:

I've never heard in my whole life an Australian suburb sold to people of a certain religion. I live near Riverstone and it's a working class area that hasn't ever adapted any sort of enclave. The dude selling the land has tried to make it exclusive by only offering sharia loans (no interest). So basically you have to be a muslim to get a sharia loan from him. I don't want this crap in my area and I'm sure many people out my why don't want it either.

I wouldn't want an exclusively religious housing estate in my area either (even though we have more Muslims where I live than anywhere else in Sydney).

Did you read the article? The development is about finance. Paying interest on loans is against Muslims' religion. It used to be against Christians' religion once too, but we gave up on that one.

Since we did, financial services have grown to become the biggest business in the world, but I digress.

The land is sold to be financed without interest - that's the marketing angle. It's got nothing to do with keeping the infidels out.

You are the one that doesn't read karnal. This is the first line- AN interest-free housing project aimed at the Muslim community . The whole crux of the story isn't about bank, economics, money, mana , the world bank etc etc etc. It's about a company selling land to only muslims. How can Joe Blow apply for a sharia loan? They won't get it because they aren't muslims.

If this is true, would it even be legal in Australia ?

Wouldn't that be an instance of active discrimination [against non-moslem Australians], on the basis of a persons religious beliefs ?

Ah, you're onto it, Y. It certainly would. A financial institution in this country can't legally discriminate on the basis of religion. If they did, they'd go out of business from the resulting civil action and fines from the EEO tribunal.

Muslim financial products are open to everyone else - I heard a story on this on Radio National's the Law Report.

There are, however, technicalities. Freediver's right. The loans aren't exactly free.

So feel free to move in with all the non-Muslims, Big Dave. The Muslims haven't embraced the project, so I'm sure there's plenty of blocks left.

And when everybody moves in to live together in religious harmony, the MP for Hawkesbury can ramp up his campaign against divisiveness with press releases to the Sunday papers.

Aussie Aussie Aussie!

Back to top

« Last Edit: Jan 11^th, 2013 at 2:44pm by Karnal »

IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96661

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #17 - Jan 11^th, 2013 at 2:47pm

Big Dave wrote on Jan 11^th, 2013 at 12:24pm:

You are the one that doesn't read karnal. This is the first line- AN interest-free housing project aimed at the Muslim community . The whole crux of the story isn't about bank, economics, money, mana , the world bank etc etc etc. It's about a company selling land to only muslims.

Yes, it's funny how stories do that, isn't it?

Back to top

IP Logged

Karnal Gold Member Offline Australian Politics Posts: 96661	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #18 - Jan 11^th, 2013 at 3:26pm Mr (Ray) Raymond Craig WILLIAMS, MP Member of the Legislative Assembly Member for Hawkesbury Parliamentary Secretary for Western Sydney Member of the Liberal Party Yes, friends, and a staunch campaigner against divisiveness.
Back to top	Right_Honourable_Member_for_Hawkesbury.jpg (57 KB \| 54 ) IP Logged

... Gold Member Offline Posts: 23673 WA Gender:	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #19 - Jan 11^th, 2013 at 3:27pm what an ugly bastard.
Back to top	In the fullness of time... IP Logged

Baronvonrort

Gold Member

Offline

Australian Politics

Posts: 18805
Gender: male

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #20 - Jan 11^th, 2013 at 3:29pm

freediver wrote on Jan 11^th, 2013 at 1:32pm:

I'm interested to know how these loans work too. As far as I can tell it is a rent to buy type situation, and they just add the interest onto the price and other charges. I don't think the Islamic rule is against profiting from the situation, just interest.

They add the interest into the purchase price then claim they are not paying interest.

Back to top

Leftists and the Ayatollahs have a lot in common when it comes to criticism of Islam, they don't tolerate it.

IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96661

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #21 - Jan 11^th, 2013 at 3:35pm

Baronvonrort wrote on Jan 11^th, 2013 at 3:29pm:

freediver wrote on Jan 11^th, 2013 at 1:32pm:

I'm interested to know how these loans work too. As far as I can tell it is a rent to buy type situation, and they just add the interest onto the price and other charges. I don't think the Islamic rule is against profiting from the situation, just interest.

They add the interest into the purchase price then claim they are not paying interest.

Cunning, no?

No wonder the Western banks like Macquarie are getting in on the act. Anyone interested in converting to Islam yet?

Back to top

IP Logged

Karnal Gold Member Offline Australian Politics Posts: 96661	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #22 - Jan 11^th, 2013 at 3:38pm ... wrote on Jan 11^th, 2013 at 3:27pm: what an ugly bastard. Yes, but he's defending your right not to have the Muselmen buy interest-free blocks of land in the Hawkesbury area. And he'll fight to the death for your right to say it.
Back to top	IP Logged

polite_gandalf

Gold Member

Offline

Australian Politics

Posts: 20027
Canberra
Gender: male

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #23 - Jan 11^th, 2013 at 3:58pm

freediver wrote on Jan 11^th, 2013 at 1:32pm:

I'm interested to know how these loans work too. As far as I can tell it is a rent to buy type situation, and they just add the interest onto the price and other charges. I don't think the Islamic rule is against profiting from the situation, just interest.

The principle behind islamic loans is to keep the fees tied to something tangible - of real value. Interest is charging money on money - ie people are paying for something that had no value to start with.

In practice it probably amounts to a similar thing - you pay more than what you were loaned with. In islamic home loans, there are a few ways to do this. For example you could simply apply a fee for lending. Lending is a service, so its fair enough you can charge for that service (over and above the actual repayments). Another way is if the person you're loaning to is living in the house, you can charge rent - since until the loan is paid off, the bank owns the house. Yet another way is to scrap the lending fee altogether and instead the bank "buys" into a share of the house - making you and the bank effective business partners.

In all cases, the bank profits through investing into something tangible - rather than simply charging money on money.

Back to top

A resident Islam critic who claims to represent western values said:
Quote:

Outlawing the enemy's uniform - hijab, islamic beard - is not depriving one's own people of their freedoms.

IP Logged

Sprintcyclist

Gold Member

Offline

OzPolitic

Posts: 40774
Gender: male

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #24 - Jan 11^th, 2013 at 4:08pm

freediver wrote on Jan 11^th, 2013 at 1:32pm:

I'm interested to know how these loans work too. As far as I can tell it is a rent to buy type situation, and they just add the interest onto the price and other charges. I don't think the Islamic rule is against profiting from the situation, just interest.

that's about it. If the market price is $300K, they charge $800K. No interest charged though

idiotic false idea

Back to top

Modern Classic Right Wing

IP Logged

Karnal Gold Member Offline Australian Politics Posts: 96661	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #25 - Jan 11^th, 2013 at 4:20pm Makes more sense than banning money-lending to everyone but the Jews though, doesn’t it?
Back to top	IP Logged

Big Dave Gold Member Offline Australian Politics Posts: 2164 Gender:	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #26 - Jan 11^th, 2013 at 4:36pm Twist it around anyway you like karnal, I know this is about muslims wanting to live in communities with other muslims. I know of a few muslim enclaves already. One is next to the mosque at Rooty Hill . Muslims love enclaves. Why would a muslim company buy up land and advertise sharia loans to muslims?
Back to top	IP Logged

Bobby. Gold Member Online Australian Politics Posts: 107048 Melbourne Gender:	Re: Plan for Muslim Enclave In Sydney Suburbs. Reply #27 - Jan 11^th, 2013 at 4:46pm I think I'd like to live in a gated community. As more baby boomers retire there will be a huge demand for high security living areas. I don't mind the Muslims having their own communities - it's a free country.
Back to top	IP Logged

Karnal

Gold Member

Offline

Australian Politics

Posts: 96661

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #28 - Jan 11^th, 2013 at 4:54pm

Big Dave wrote on Jan 11^th, 2013 at 4:36pm:

Twist it around anyway you like karnal, I know this is about muslims wanting to live in communities with other muslims.

I’m sorry, Big Dave. I had no idea you knew this.

Please let me know next time you know something. It’ll save me from shooting my big mouth off.

Back to top

IP Logged

Big Dave

Gold Member

Offline

Australian Politics

Posts: 2164
Gender: male

Re: Plan for Muslim Enclave In Sydney Suburbs.
Reply #29 - Jan 11^th, 2013 at 4:56pm

Karnal wrote on Jan 11^th, 2013 at 4:54pm:

Big Dave wrote on Jan 11^th, 2013 at 4:36pm:

Twist it around anyway you like karnal, I know this is about muslims wanting to live in communities with other muslims.

I’m sorry, Big Dave. I had no idea you knew this.

Please let me know next time you know something. It’ll save me from shooting my big mouth off.

You just don't know how the real world works karnal. You've get your head stuck so far up your own ass that you get around like a wheel.

Back to top

IP Logged