- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Sharia banking
Posted on 5/2/13 at 3:24 pm to foshizzle
Posted on 5/2/13 at 3:24 pm to foshizzle
quote:Correct.
The major difference is that if you default you have zero equity. Amirite?
quote:Crap, I never got to the part about refis. I have no idea if they do that or not or if they do, how they handle it.
And I imagine refis have some interesting twists, if they exist at all.
1
Posted on 5/2/13 at 10:23 pm to LSURussian
The company I work for sells, among other things, a core banking software system that has an Islamic Banking module. I don't know much about it, but on my last assignment I worked with a guy that specializes in it and he told me that behind the scenes, everything processes just like normal loans/deposits, but the front end is built to display accounts/products as interest free. I'm curious about refi's now, I'll shoot him an email tomorrow.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News