Sharia Law Gains Foothold in US—Federal Judge Upholds Government Funding of Islam
Personally, I am not offended by Sharia-compliant loans marketed to the Muslim community. Such a product is no different than Kosher food on supermarket shelves.
I realize that the case cited in the article is a question about Federal dollars (our tax money) put to use for Muslims in a way that would send the left howling if applied to Christians, and that's a fair discussion.
But what really intrigues me is that loans that comply with Islamic law would have to be non-usurious. Islam is still strict about God's prohibition of excessive interest and gimmicks that keep borrowers stuck in debt for the lender's profit.
If AIG can come up with a Sharia-compliant loan, is it evidence that the interest rates charged to the rest of us are unnecessary and gratuitous?
h/t Dakota Voice