LedgerGermane: links on futurity, cover ups, mind control and the weird , Could Islamic Banking Have Prevented the Economic Collapse?

The growth of Islamic finance has been an unexpected outcome of the attacks on the World Trade Center of 11 September 2001.
Islamic finance is based on rules from Islam’s holy texts - the Koran. Scholars claim the fundamental difference to conventional banking is that Islamic finance is more ethical.
First it bans any form of “riba” or interest, preventing consumers being exploited by high rates of borrowing.
Secondly, it regards speculative trading as sinful. One of the world’s leading experts on Islamic finance, Sheikh Hussain Hassan, argues the whole crisis in Western banking could have been avoided if these basic sharia principles had been followed.
He said: “$600 trillion were wasted on options, futures and derivatives, all gambling. Sharia prohibited these kind of risks 14 centuries back.”
The most common form of Islamic home purchase loan works like this: When a couple wants to buy a house, instead of borrowing the money, the Islamic bank buys 80% of the house for them.
The couple puts down a deposit for the other 20% and then pays the bank rent, plus regular portions of the capital. During the fixed period, ownership gradually passes from the bank to the buyer.
But if the borrower loses his job and defaults on the payments, under sharia law it is very difficult for the family to be thrown out of their home, as that would be seen as a creditor exploiting a debtor.