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Religious Finance: Yeah Or Nay?
 
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# 1 : Friday 2-6-2017 @ 11:56
 
 
In France, the mayor of Nice is arguing that an agency offering "Islamic finance" should not be allowed to put their sign up, because of the negative reactions it will trigger, especially given the proximity of the terrorist attack site close-by.

It's about the same idea as telling Panty they cannot hang the rainbow flag because of the risk of homophobes protesting, and because a child was abused in the church down the road.

Islamic financing is part of the new types of financial instruments falling into the "ethical financing/banking" category, like the green economy.

An interesting historical point is that role that banking has played in separating Catholics from Protestants, but also in feeding antisemitism. Catholics were opposed to money lending with interest (as is Islamic financing); and in the Middle Age Christians forbid most professions to Jews, leaving them banking (and other unpopular jobs like tax collection).

Protestantism success was partly due to the ability to reconcile Christian banking ethos with the real world: they could take back a share of the financing sector that they could see was lucrative. Antisemitism served their purpose of regaining market shares, lost by the Christians/Catholics by their own silly Catholic extremism. Jesuits, whose job was to counteract the Protestant Reformation arrived too late in the game... but to this day they play a role in regulating it.

Islam is also opposed to making a profit, but it is now applying some Jesuistic principles to make a profit without calling it a profit.

So the question is two-fold:
- Do you approve of a financial sector inspired by an explicitly named religious ethos?
- Would you invest in it?

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# 2 : Friday 2-6-2017 @ 12:14
 
 
Anything religious-inspired is stupid, that said there's no reason to ban it.
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# 3 : Friday 2-6-2017 @ 12:23
 
 
Someone said :
Anything religious-inspired is stupid, that said there's no reason to ban it.

But the current banking system is infused of religious history. It is just implicit.
And who cares if something is stupid, if it is profitable?

Trading gold is stupid. But as long as stupid people believe in the "value" of gold, why not trade it!
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# 4 : Friday 2-6-2017 @ 12:31
 
 
Good point.

Anyway, those people in Nice are being idiots
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# 5 : Saturday 17-6-2017 @ 10:09
 
 
I did not realize that the CIMA was offering a Diploma in that area:

http://www.cimaglobal.com/Our-locations/Ireland/CIMA-Diploma-in-I etc ...

At the same time it makes sense to include it, especially as Britain is getting less and less attractive as a financial hub.

At the same time, I could not find any product offered by Irish banks which caters for Islamic-compliant-finance customers.
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# 6 : Sunday 18-6-2017 @ 20:52
 
 
Someone said :

So the question is two-fold:
- Do you approve of a financial sector inspired by an explicitly named religious ethos?

Yes I approve. I don't really understand the argument for banning it.

Someone said :

- Would you invest in it?

Yes, provided it had reasonable returns and risk (but more importantly if I had assets to invest) .
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# 7 : Monday 19-6-2017 @ 20:41
 
 
Someone said :

Yes, provided it had reasonable returns and risk (but more importantly if I had assets to invest) .

What if the asset was your soul?
And the returns were infinite?
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# 8 : Monday 19-6-2017 @ 21:19
 
 
Someone said :

What if the asset was your soul?
And the returns were infinite?

I legitimately don't understand?

Are you asking me if I'd sell my soul for unlimited wealth?

No I wouldn't. Of course I wouldn't.
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# 9 : Monday 19-6-2017 @ 21:51
 
 
Someone said :

I legitimately don't understand?

Are you asking me if I'd sell my soul for unlimited wealth?

No I wouldn't. Of course I wouldn't.

Interesting that you assume wealth is the reward.
I was thinking "eternal life after death."

According to the christian so called "philosopher" Pascal, it was worth betting on eternal life in exchange for worldly pleasures, as an infinite gain with the smallest of probability was higher than a certain small material gain.

In his case, the stake was his soul: not sold, but invested in his religion.
And the returns were not material, but spiritual. And they were not immanent but transcendent. (Which, he did not admit to himself, invalidated his unfinished reasoning)

In a similar registry, drugged-up and porn-hungry jihadists have convinced themselves that criminal suicide will earn them 70 "virgins": their immoral compass makes their dick-brains point to underage rape as a life goal.
But they do not know, as they are ignorant fucks who never independently studied the texts they reference, that the 70 virgins may be a mis-translation or a metaphor involving grapes.
Also they fail to consider that in a culture of rapists, who feel the need to cover their sexual slaves to protect them from other perverts, the only likely virgins are spinsters who lost their "husband" to jihad before he had a chance to rape them.

This one is marrying her 4th martyr in heaven:

Her lack of teeth makes her blow-jobs very safe and soft.


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