Credit union for Muslims launching in Texas


via Muslim investors launching credit union in Texas – San Antonio Business Journal. h/t Europe News

Muslim investors have filed an application with state regulators to form a new credit union in Houston that would target the Shia Muslim population in Austin, Houston and Dallas.

Jafari No-Interest Credit Union would not charge its members interest on loans or pay out interest to their members on deposit accounts. Islam prohibits Muslims from charging fellow Muslims interest on loans.

However, investors behind the credit union would have to submit a business plan to regulators to show how the financial institution would be solvent. Jafari would have to support its operations primarily from non-interest income in the form of various fees.

 Fees, interest. Sharia finance is a sham.

7 Responses

  1. good place to launder money for terrorists; if the bastards refuse to assimilate then to hell with them; how long will it take cair to jump on this one??

  2. Texas, get your muslims out.

  3. That’s discrimination. You can’t target only one group of peoples for a business. Will I be able to get a loan there? I doubt it.

  4. You might be able to get a loan, but being non-Muslim they would charge you interest. That is illegal, they can’t charge you interest and not charge Muslims. That is discrimination. But they will come from the view of religion. As the article says, according to the Islamic law Muslims can’t charge interest to other Muslims. CAIR is a Muslim Brotherhood front organization. But it would seem that no one important gives a crap. We all know the people are completely ignored unless it is time to vote for one of the scumbags.

  5. Isn’t that religious discrimination?

  6. [...] Credit union for Muslims launching in Texas [...]

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