Utterly Meaningless » Blog Archive » NICE SCAM, KID

    Filed at 5:23 pm under by dcobranchi

    Muslim students in the UK are demanding a sharia-friendly student loan. Under sharia, no interest can be paid.

    2 Responses to “NICE SCAM, KID”

    Comment by
    April 26th, 2004
    at 5:27 pm

    Hey, why didn’t I think of that? Think I’ll email Sallie Mae and tell them I’ve converted and can no longer pay interest. I’ll let you know how it goes.

    Comment by
    April 27th, 2004
    at 12:13 pm

    Got news for you – Freddie Mac is ALREADY giving interest-free loans to Muslims in the US, as are a lot of banks. The Muslims don’t save money on the deal, of course; banks are not the business of giving money away for free. But to get Muslim business, they are already lending money in such a way that they are protected, while the Muslims avoid usury.