[Spaceships] Islamic Banking and Financing Spaceships Purchases

[sir_pudding]

Originally Posted by Anthony

Is rent to own a problem under Islamic law?

My understanding is that some variation of rent-to-own is the standard form of financing in predominantly Islamic nations.

My guess is that the big incentive for anti-usury rules is people getting trapped by unsustainable interest payments, and with rent to own you have the option of simply stopping renting -- this is likely to be expensive, but it's a reasonably fixed cost (this same objective is accomplished by bankruptcy laws).

I suspect it has more to do with applying a scheme for economic fairness concocted by a 7th century illiterate (or revealed to him by an Angel, which as we know are all incredibly wealthy but always are trying to borrow ten bucks; so they don't really understand money either) to modern financial systems.