Timeline for Can a successful economy exist without renting stuff?
Current License: CC BY-SA 4.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 7, 2019 at 19:40 | comment | added | kleer001 | @DrMcCleod I don't know off hand. I'm sure it varies, a little research could easily clarify the issue. | |
| Oct 6, 2019 at 8:02 | comment | added | DrMcCleod | @kleer001 does the bank charge a fee for this service? | |
| Oct 3, 2019 at 18:47 | comment | added | Bort | A cousin of mine worked for banks that operated in the Middle East explained to me that while a loan is gussied up to be theologically acceptable to people in the region, the interest is just rolled up into various fees. Perhaps things are different on small loans like single family home mortgages (though my understanding is that they are not), but commercial/industrial/state loans were effectively identical to Western-style loans. | |
| Oct 3, 2019 at 16:50 | comment | added | kleer001 | Muslims do this too. I think it's wonderful, the bank purchases the house and takes your payments until it's over. No room for mortages, no room to mess up your finances, also no extra safety net with living in your assets. learnreligions.com/islamic-mortgage-2004112 | |
| Oct 3, 2019 at 13:29 | history | answered | Scott Hammer | CC BY-SA 4.0 |