Quote:
Originally Posted by vicky_molokh
The ROI may be similar, but will still have adjustments, the question is what those adjustments will be for what factors. Consider, for example, how different ship constructions affect insurance costs.
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Depending on the way things are structured, the bank might also be the insurer. It's not going to affect the total payments, it's just going to affect what gets written on the invoices.
Quote:
Originally Posted by vicky_molokh
Of the discussions I've seen, there does indeed seem a trend that it's the non-Muslims that seem more confident in denouncing such things as lawyery.
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That's because Muslims have a strong incentive to pretend otherwise. Like most legal fictions, anyone actually
involved in the fiction pretends it doesn't exist.
In the end, the big reason for being skeptical about Islamic banking is that they can't repeal economics. Many societies have had prohibitions on usury, and none of them have actually worked except in edge cases (for example, elimination of debt slavery).