Birdwatch Archive

Birdwatch Note

2024-10-17 23:44:00 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Under Sharia Law, interest payments are haram. To get around this, instead of making interest payments a declining balance shared equity or lease-to-own system is used. The cash flows are the same as if interest was being paid. https://www.investopedia.com/articles/07/islamic_investing.asp

Written by 9B9F1A158A813C7EEAFCFC9E1D445D489306A81F9DA086BA978A99FEFC29732F
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• noteAuthorParticipantId - 9B9F1A158A813C7EEAFCFC9E1D445D489306A81F9DA086BA978A99FEFC29732F Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• Under Sharia Law, interest payments are haram. To get around this, instead of making interest payments a declining balance shared equity or lease-to-own system is used. The cash flows are the same as if interest was being paid. https://www.investopedia.com/articles/07/islamic_investing.asp