[Spaceships] Islamic Banking and Financing Spaceships Purchases

[sir_pudding]

Originally Posted by Humabout

I don't see the distinction between that and Rent-to-Own. And if you can't make money on loans, rent to own schemes are really just skirting around the no usury rules on a technicality. Mind you, that is amazingly close to how most anything works in the real world (Me? Cynical? Naaaaw!), but I'm not sure that's what Vicky (OP) is looking for. Maybe we can get clarification from him tomorrow?

Yes, that was the example upthread. Negotiating a price based on ROI isn't interest. So if your car (or spaceship) happens to cost 110% more if you pay it off over 36 months, then that isn't haram, because you aren't explicitly borrowing money at interest in that case. The only real distinction is whether the bank or the borrower owns the vehicle or not.

It won't have much effect on the game mechanics in Spaceships, as abstracted as they are already.