Anyone familiar with the key differences between Islamic banking and money lending and banking in the west?
They use an assortment of fees in place of interest. This is done because they suck at math.
>>1104157
Hawala is based on honnor and basically enforced with violence and mimics crypto currency in term of anonymity.
A gives money to B in Saudi Arabia. B tell his cousin to give equal amount to C (A's recipient). If traced back, it looks like shitty overpriced business deals where the difference (or money laundering) becomes the decided transfer amount.
of course if B doesnt pay up, theres nothing A can do besides breaking his legs lol so i give it a C- rating
Shiria law prohibits trading in debt. They created a thing called a sukuk. It is like renting a bond
>>1104173
>Hawala
This is gold, thank you anon never heard of it.
>>1104173
cool
>>1104157
Less jews probably
