Birdwatch Archive

Birdwatch Note Rating

2024-10-18 17:38:46 UTC - NOT_HELPFUL

Rated by Participant: BFD21E9EF10F6AA63E8941ADD06515B2FAD453AA3B8FD8A7833694BB8ED89DA5
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Original Note:

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

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All Information

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