Friday, May 28, 2010

The national bank of australia wants in start islamic friendly home loans in line with sharia?

what i cant understand is how most australians hate their own indiginous aboriginal people, mistreat them , and deny them their traditional land right ownership , while been more than happy to give into a pack of extremists muslims who have recently invaded australia and are now demanding sharia laws in australia.

why is that?


I think you're over simplifying things a lot.

Well the NAT is one of Major Banks in Oz - not "the" bank.

Secondly the whole Mabo tassel started because of a conflict between Banks and Eddie Mabo. It lead to increase legal & land rights for indigenous people. This was after the 1966 Referendum. Hardly issues of "hate" - more ignorance to the Aboriginal plight and _attempts_ to resolve things.

Thirdly - the banks are considering an alternative variations for bank loans. To increase their profits - being all banks want to do. Apparently the Bank is considered to own the house & the repayments are in the form of rent.

[later: dudeman - apparently the NAT is prepared to offer that kind of banking to anyone who applies. As I wouldn't trust a bank as far as I could spit it, I'll keep my (nearly paid off) house loan with the main stream/g'ment monitored ones)]

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Business

Possibly because more Muslims would be looking for home loans than Aboriginals...

We dont hate the aboriginals, we just want to go to the beach, play cricket and drink beer, so your wrong and we dont care what the banks do.

Isn't it extreme generalization to call immigrant Muslims ''extremists'' just like that?

Starting Islamic friendly home loans is not the same as establishing Sharia laws. Islamic friendly home loans denotes to special loans within which there is no exchange of interest. This is because interest is haram in Islam.

Islamic banking system is gaining fast popularity amongst the Muslims of the world. That is why non-Islamic banks are also introducing such systems to cash in on the popularity.

Generalization didn't do you or them any good , who told you all Muslims are extremists ? What is wrong with Banks trying to benefit from people based on their own faith ?

Peace

I really dunno, but, could it be because they like being shafted by the Muslims?

Heard tell that the Muslim Gangs there raped White Aussie women and their Imam blamed the "shameless non-hijab style" of their dresses for "arousing the innocent Muslims".

Seems they rather take pleasure in beating up and stabbing Indian students who are not the kind like the Muslims, who'd give them violent retaliation, for no rhyme or reason, though.

Oh, by the way, even the "Islamic Banks" charge interest. It's hogwash to say that they don't, because, they're Banks.

All the best.

"Pack of extremist Muslims"? How can you make such a statement!? No wonder the world right now is focusing on how racist Australia is! I'm a childcare worker, mate-is that an terrorist-type occupation!? Talk with us please, instead of talking about us.

Anyway, every Australian is allowed to partake in this-not just Muslims. I don't see the problem. No one "forced" them to do it, they're dipping their fingers in a very lucrative place as there are hundreds of Muslims here and we're not going away mate

i say good on them-Australia needs to be more inclusive

@John: "kill all the extremists"??? Do you realize you are sounding like an extremist saying such things?

Are you saying that all the Muslims in Australia are extremists? I hate the fact that I'm probably somehow related to you.

This isn't even a question.

Your just stating something to make muslims look bad.

Honestly we have enough of that.

But thanks for being ignorant.

It makes you look very Intelligent.

Share a drink with an Aboriginal and a muslim over you any day sunshine, pull your head out of you ****.

Muslims are not ''a pack of extremists''. LOL since when did Muslims invade Australia? Its not a demand we dont need the Bank of Australia to do Islamic Banking we have Independent Islamic Banks, fool!

From my understanding of Islam and banking, they do not believe in charging interest on loans. So I wonder if those loans are only for Muslims? Since everyone would want to take loans that have no interest!

If it is only reserved for Muslims, then that is completely bigoted, divisive, and creates a two separate standards in society and gives preferential treatment based on religion and/or ethnicity. Whatever happened to universal human rights, equal opportunity, and diversity?

If what I said is not the case, then I have nothing to comment on the matter.

Instead of charging 'interest', the bank can charge 'fees'. Either way, they receive the income from the loan. The actions of people in the past do not necessarily correspond to actions of people in the present. Thus, aboriginal peoples can be mistreated differently than can modern Muslim peoples.

Your question is in two parts so I'll answer it in two parts.

1. The NAB is looking to provide loans which obey Sharia law because they have identified a market for that product. The NAB are in the business of making profit, therefore they are looking to provide a product which they have identified will make them profit.

2. Your second question which states "most australians hate their own indigenous aboriginal people" and " give into a pack of extremists (sic) muslims" does not deserve an answer due to the lack of any evidence that the propositions around which your answers are constructed are true.

To the people who feel that others will be disadvantaged by the proposed loan. Do your research, the 'interest' (for want of a better word) is factored in at the start of the loan, effectively the bank buys the product for which the loan is intended and sells the product back to the customer at a higher price, this higher price is paid back by agreed repayments.

NAB has already stated this proposed loan product will be available to other customers, not just muslim customers

people of the islamic faith are welcome in Australia's multicultural society. It is people who ask questions like this who we should be worried about 'invading'

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