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newcastle + wonga sponsorship = issue for muslim players according to an article in today's independent.... http://www.independent.co.uk/sport/foot ... 04411.html

so northern rock, now virgin money's operations comply with sharia law do they?

what a load of shit and what an idiot martin hardy is....

Dont get me wrong, loan companies are scum, but what the fucking fuck has sheria law got to do with fucking football in England?

It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

And yet the league is sponsored by a credit card...

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

They do don't they.

Praise Allah and all that jazz, now where do I apply?

BlueinBosnia wrote:And yet the league is sponsored by a credit card...

Bang on, no further questions your honour

Frédéric Kanouté, the former Spurs striker, refused to wear the 888.com logo of the gambling website when he was with Seville in La Liga because of his religious beliefs. He was allowed to play games for Seville with an unbranded shirt but had to wear the logo on his training equipment.

Ahem ...

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

Sharia mortgage lending is much the same as other lending.
They replace the concept of interest with the conceot or rent, with ownership passing to the lender on payment of the last months rent.
broadly speaking

so no its no better than the non Sharia approach

Chinners wrote:

BlueinBosnia wrote:And yet the league is sponsored by a credit card...

Bang on, no further questions your honour

actually its sponsored by a Bank.
And the Bank does offer Sharia products

Alex Sapphire wrote:

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

Sharia mortgage lending is much the same as other lending.
They replace the concept of interest with the conceot or rent, with ownership passing to the lender on payment of the last months rent.
broadly speaking

so no its no better than the non Sharia approach

So if I've understood this correctly, the word 'interest' has just been replaced with 'rent' ... so I presume they pay a higher 'rent' on borrowing .... load of bollox then ain't it.

Chinners wrote:

Frédéric Kanouté, the former Spurs striker, refused to wear the 888.com logo of the gambling website when he was with Seville in La Liga because of his religious beliefs. He was allowed to play games for Seville with an unbranded shirt but had to wear the logo on his training equipment.

Ahem ...

Well spotted.

Chinners wrote:

Alex Sapphire wrote:

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

Sharia mortgage lending is much the same as other lending.
They replace the concept of interest with the conceot or rent, with ownership passing to the lender on payment of the last months rent.
broadly speaking

so no its no better than the non Sharia approach

So if I've understood this correctly, the word 'interest' has just been replaced with 'rent' ... so I presume they pay a higher 'rent' on borrowing .... load of bollox then ain't it.

Instead of paying capital and interest back over n years, you pay only the capital back over the period during which time the bank owns your house and you pay them a rent.
The deal is if you rent it off them for n years they give you it.
The rent must be calculated by adding a margin to the cost of money to the Bank. But like interest but not interest.

Clever stuff ... especially if you want to have ago at a football team sponsor

Im honestly close to being lost for words over this article. I just dont know where to start

Surely there's a difference between a bank like Virgin Money and a pure loan company like Wonga.

This doesn't mean that people don't make things up though. But they got you reading the story and BAM! Their job is done.

Where was the outrage when they sponsored Blackpool?

LookMumImOnMCF.net wrote:Surely there's a difference between a bank like Virgin Money and a pure loan company like Wonga.

This doesn't mean that people don't make things up though. But they got you reading the story and BAM! Their job is done.

I was quite heavily involved in the setting up of amanah finance for HSBC about 10 years ago and spent a lot of time meeting with clerics to clarify these points before launching. In islam, interest is haram, when something is haram there is no shade of black or white, it is forbidden and that is the end of it.

If either the giving or receipt of interest is forbidden, the amount of interest involved is completely irrelevant whether it be 1% or 300%. The use of companies who pay or earn interest is not haram, as many offer shariah compliant products, and therefore a bank or moneylender per se Is not haram as an institution, but many/most/all of its products could be. (well that was how the clerics justified using hsbc)

on a seperate note though, the newcastle players have responded to news of the new sponsorship deal by confirming they will be giving 1750% in every game from now on

Alex Sapphire wrote:

Chinners wrote:

Alex Sapphire wrote:

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

Sharia mortgage lending is much the same as other lending.
They replace the concept of interest with the conceot or rent, with ownership passing to the lender on payment of the last months rent.
broadly speaking

so no its no better than the non Sharia approach

So if I've understood this correctly, the word 'interest' has just been replaced with 'rent' ... so I presume they pay a higher 'rent' on borrowing .... load of bollox then ain't it.

Instead of paying capital and interest back over n years, you pay only the capital back over the period during which time the bank owns your house and you pay them a rent.
The deal is if you rent it off them for n years they give you it.
The rent must be calculated by adding a margin to the cost of money to the Bank. But like interest but not interest.

Do they have fixed 'rents' and/or variable rents and are there such concepts as endowment rents or maturity rents or instalment rents or low start rents ?? .....just to be boringly pedantic.

Mikhail Chigorin wrote:

Alex Sapphire wrote:

Chinners wrote:

Alex Sapphire wrote:

Chinners wrote:It's quite simple really, if some players don't like how their employers generate income to pay their wages either take a pay cut or feck off to a side that fits in with their morals/ideals to pay them their overinflated earnings ....

On a side note I am going to apply for an Islamic mortgage, they sound great!

Sharia mortgage lending is much the same as other lending.
They replace the concept of interest with the conceot or rent, with ownership passing to the lender on payment of the last months rent.
broadly speaking

so no its no better than the non Sharia approach

So if I've understood this correctly, the word 'interest' has just been replaced with 'rent' ... so I presume they pay a higher 'rent' on borrowing .... load of bollox then ain't it.

Instead of paying capital and interest back over n years, you pay only the capital back over the period during which time the bank owns your house and you pay them a rent.
The deal is if you rent it off them for n years they give you it.
The rent must be calculated by adding a margin to the cost of money to the Bank. But like interest but not interest.

Do they have fixed 'rents' and/or variable rents and are there such concepts as endowment rents or maturity rents or instalment rents or low start rents ?? .....just to be boringly pedantic.

or "rent to let"?

you need to speak to your Financial Advisor (or Imam)

Does sound like Shariah law is protecting and looks after the best interests of its followers, unless you're a 14 year old girl of course then you're screwed.