This is wonderful, generous, accommodating, welcoming and multicultural. But what will Vermonters do when there begin to be demands for accommodation of other aspects of Islamic law? They themselves would dismiss this very question as “Islamophobic,” and denounce the questioner as “racist.” However, everywhere there has been accommodation to Sharia, there have eventually been demands for more accommodation to Sharia, which denies the equality of rights of women and non-Muslims, denies the freedom of speech, and is deeply anti-Semitic. Why will Vermont be any different?
“Vermont credit union developing a lending program that complies with Islamic law,” by Shaun Robinson, Valley News, January 7, 2022:
A Vermont credit union is developing what would be the state’s first lending program that complies with Islamic law, aiming to help more Muslim households buy homes.
Islamic law, or Shariah, prohibits the collection and payment of interest by lenders and investors, which means many existing loans, including mortgages, don’t comply. In general, relationships that favor the lender are prohibited, or considered haram.
Financing models that do comply with Islamic law include arrangements where a bank buys property for a customer and leases it back, or where a bank and customer jointly purchase property and agree to share in the profits and losses.
Timothy Carpenter, a senior lending manager at Opportunities Credit Union, which is developing the framework, said the organization hasn’t worked out all the details but is looking to create a model where it and its customers share ownership of a home.
The credit union has locations in Burlington and Winooski.
Several organizations across the country offer Islamic financing, he said, but currently none in Vermont. One such institution is Devon Bank in Chicago, which according to its website provides Islamic law-compliant financing in about 35 states.
Carpenter said one reason this type of financing isn’t yet available in Vermont is that the state does not have a large Muslim population, and demand is greater in other states. He also said the products the credit union is considering likely would need special approval from Vermont officials, and wouldn’t be available until at least the end of the year.
The lending manager has been working with Imam Islam Hassan, of the South Burlington-based Islamic Society of Vermont, on developing the new model.
Hassan said he knows five families who want to buy houses but are hesitant to do so through a financing option that doesn’t comply with Islamic law. And there are more Muslim Vermonters who currently rent, he said, but would use such a model.
“If we had that in place,” Hassan said, “a lot of people would take advantage of it.”
The imam said it can be permissible to take out a loan in certain situations, but in general, most Muslims would not feel comfortable with managing interest….
PMK says
Vermont is a lost cause, anyway. They elect people like Bernie Sanders, after all.
Wellington says
It’s due to all the “infestation” from New York and Massachusetts. Both Howard Dean and Bernie Sanders were New Yorkers originally and tons of these fools moved to Vermont and have ruined it, which has broken the collective heart of old-time Vermonters.
The Left ruins everything it touches—Vermont, the Constitution, the rule of law, common sense, education, patriotism, heritage, sports, law enforcement, defense, the Boy Scouts, health care, rugged individualism, liberty overall, even gender, bathrooms and pronouns. I despise the Left even more than I do Islam because without the Left Islam would make very little traction in the West. Some but not much.
The current descent of the West is due, easily so, first and foremost to modern Western Leftism. One knows this or should know it. Frankly, I’m fed up with those who still don’t.
mortimer says
I don’t rule out a revival of the original culture of Vermont based on freedom.
Sharia law is based on a culture of slavery.
Infidel says
Yeah, they’d probably be the first state to transform New England into New Arabia or New Turkey
Wellington, I had no idea that both Bernie and Howard Dean were New Yorkers. But even Republicans from that state have been RINOs – including Gov Phil Scott, former senator Jim Jeffords… I doubt that conservatives exist even in rural Vermont.
Wellington says
Infidel: RINO types have always existed and always will, but if the only “problem” Vermont had faced over the past half century or so had been RINOs like “Jumpin” Jim Jeffords, it would still be immensely better off.
Indeed, RINOs like Jeffords would have had far less influence minus the “infestation” from New York and Massachusetts and he personally would probably have never changed party in the first place minus said infestation. After all, in still largely conservative New Hampshire, which Trump lost in 2016 by less than 3,000 votes (principally because a lot of silly people voted for the Libertarian ticket of Johnson and Weld—if only 9% of those who voted for these two losers had instead voted for Trump he would have won NH back in 2016) they don’t call Massachusetts folks moving to NH to escape the tax idiocy (and other idiocies) “Massholes” for nothing.
Right now, NH is being transformed into another idiotic blue state (excuse the redundancy) first and foremost because of New Yorkers, Massholes, silly people from Connecticut and from New Jersey, moving to NH to alleviate themselves of Leftist policies but all the while, in terminal stupid mode, clueless respecting why they have had to leave such loser states.
I know. I have talked to many of these silly people over the years because my wife and I have a vacation home in NH (gorgeous state btw) and it is deuce difficult to summon up my reserves of civilizational behavior at times with these idiots who don’t realize how they are spreading their stupid ideas to other places all the while they are escaping from the stupid ideas whence they came. “Infuriating” is a word that comes to mind. Many other words that come to mind are effectively non-printable.
I don’t mind people moving from blue states to red states. But what I do mind are people from blues states moving to red states to escape the foolishness existent in blue states and yet they bring their stupid and fallacious Leftist assumptions with them. Herein lies the real rub. It’s going on in Maine too. Sickening and then some.
Wellington says
Oh, one more matter, Infidel. Conservatives exist throughout Vermont, in all of Vermont’s 14 counties, even in Addison, Chittenden and Washington counties, but they have been swamped over and over again by Leftists and Leftthink. It is an ongoing tragedy and I know from personal experience of this since I am friends with several conservative Vermonters.
Just a few years ago, conservatives in Vermont fought back, among other ways by putting out a bumper sticker that read “Take Vermont back.” But the damn Lefties in Burlington, Montpelier and Hanover, et al. responded with the moronic bumper sticker, “Move Vermont forward,” which of course means, by any truly reasonable measure, more Leftist idiocy.
Sorry to go on so long but the devil is often in the details. Take care.
mortimer says
Appreciate Wellington’s facts. Reply: by ‘move forward’ the Lefties in this article actually mean ‘move BACKWARDS to the barbarism of 7th-century Arabia’.
gravenimage says
I don’t think we can afford to cede any states to Islam.
Wellington says
Agreed, gravenimage. Not one.
Screw Islam and screw all dhimmis (including those running credit unions) still making excuses for Islam.
gravenimage says
Hear, hear! every decent and savvy person in these states should oppose this Islamization.
mortimer says
Sensible Muslims all want interest paid on their money. So-called ‘Sharia finance’ is actually a deception. Interest is calculated into it. So Sharia finance is a devious deceit, just like much of the rest of Islam. Say one thing, but do another.
PMK says
The credit union is ‘looking to create a model where it and its customers share ownership of a home.’
Sounds like a mortgage.
Eleanor says
Yep, a mortage in any other name, is still a mortgage. I can’t see this working. One half of the ownership (the half who are living in the house) will start making demands like the house is too cold, or too old, or needs this, and needs that. They will have their demands met, no worries. Perhaps some homeless Vermonters could convert to Islam, to take advantage of this kind gesture.
gravenimage says
The occupants of the home are responsible for its upkeep, despite their not owning it for thirty years. Shari’ah finance is not that new.
somehistory says
And, if an infidel wishes to get a home loan, will they be required to pay interest?
And by “sharing” …does that mean the union will pay for upkeep and repairs? Buy new appliances and pay property taxes and insurance?
How do they expect to make money over 35 years as they do when loaning with interest?
Just another way for a mozlum to cheat and get special privileges.
Infidel says
Really interesting question! Contrary to what Wellington suggested, I think an infidel from Vermont ought to go to that credit union, open an account and apply for one of those interest-free loans
Incidentally, ‘interest-free’ is a scam: muslim institutions charge a lending fee in lieu of an interest rate that is compounded over time. Leaving them free to fleece a customer over terms
somehistory says
Thanks. I’d be interested in finding out from someone who lives there and is not mozlum.
and, since you brought out the “lending fee,” one has to wonder if tozlum who is guiding this credit union has informed those people about this “fee.”
“The lending manager has been working with Imam Islam Hassan, of the South Burlington-based Islamic Society of Vermont, on developing the new model.”
Is the “fee” included in the “model” being developed?
gravenimage says
The credit union owns the property outright until the “lending fee” is paid in full. My understanding is that unlike an actual mortgage there is no owning a growing percentage of the property as you go.
By the way, My husband and I will have our mortgage paid off next year and own our home outright after twenty-five years. No Islamic bs was involved.
Wellington says
An interesting hypothesis, Infidel. My compliments.
Well, if an initiative in the interest of liberty proves me wrong on a detail, I am only too willing to have myself proven wrong on that detail.
gravenimage says
All respect, Infidel, but the problem with this is that it *normalizes* Shari’ah. See here:
“More non-Muslims trying Islamic banking-OCBC”
https://www.reuters.com/article/ocbc-islamic/more-non-muslims-trying-islamic-banking-ocbc-idUSKLR28619820081201
And despite this from Reuters, there is *nothing* ethical about Shari’ah finacne, which is either no better than conventional lending, ir–much worse–some of this money is used to fund Da’wa and Jihad terror.
Wellington says
I understand your point, gravenimage, and it is a good one, but I also see a certain advantage in Infidel’s suggestion, to wit, calling one’s bluff.
In the final analysis, I think your approach is the better one—no Sharia compliance ever by any non-Muslim—but it would be interesting to see if, once again, one religion is created more equal than others by yet another deference to the worst religion of all time in the name of not an enlightened tolerance but an idiotic tolerance, in essence a sham of true tolerance.
Different strategies must be used at times to combat evil. Reasonable people can disagree on which strategy is optimal. As here.
Wellington says
Complying with Islamic Law is like complying with the Nuremberg Code. But in Vermont? Holy Hell, the infestation of Islam is everywhere. If it can come to Vermont, no place is off limits. Sharia creep is so sneaky and invidious but willfully ignorant dhimmis aplenty are culpable too to a great extent for allowing this enabling of evil to continue. And apathy as well is indefensible.
N.B., If I had an account with this Vermont credit union I would forthwith close it as of tomorrow. All people of sense and knowledge should. The Age of Nonsense continues to march on. What a weird time we live in.
gravenimage says
So disturbing, Wellington. Vermont used to be the center of hard-headed New England.
Hoi Polloi says
So would I. In deluding themselves that they are expanding to new markets, no one seems to think ahead to customers they will lose. I haven’t eaten lamb for years, though I love it, because non-halal lamb is very rare.
gravenimage says
Vermont: Opportunities Credit Union developing a lending program that complies with Islamic law
……………..
I would not much care about this ridiculous fiscal sleight-of-hand, save that–as Robert Spencer notes–it opens the door for much more disturbng aspects of Shari’ahj law–child marriage, forced marriage, oppression of Infidels, wife beating, and worse.
James Lincoln says
Yes, gravenimage.
Creeping sharia…
Jim says
They have another foot in the door. Did a bank every accommodate normal people? Are bureaucrats willing to bend the rules? Mainly when a Muslim organization makes a request. Everyone knows what might happen if a bank resisted.
Melc says
Maybe the House of Saud bribed them with a big oil account deposit!!!
Melc says
This the first ‘trojan horse’ step to the passive invasion of Islam. Taqiyya and kitman, that is lying and deception are the age old tools of this fascist religion. The Koran also says it is OK to take from the Dhimmies and to take tribute to keep the caliphate bosses in luxury.
Don’t be fooled. If you want to ‘submit’ to Islam fine but remember you can’t leave. Bit like ‘Hotel California ‘!!!
VickyK says
Because WE THE PEOPLE have not demanded, then enforced a BAN ON ISLAM in our United States, it has SPREAD exponentially.
We’ve allowed the domestic enemies in our governments to continually flood our neighborhoods with Muslims, AFTER their coordinated attack on 9/11!
Our country is so literally saturated with Islam, it’s in every single venue of our society. There have been continual Islamic terrorist attacks, rapes, large scale vandalism, medical malpractice and sabotage. They’re now inside our military, governments, courtrooms, law enforcement, schools, hospitals, adversely influencing law, liberty, health and culture.
If we do not begin a purge of this deadly enemy, it will destroy us completely.
OLD GUY says
What country will change its laws and society rules for me when I move in. We must really want these islamic people in our neighborhoods or why else would we spend $188 MILLION to get 68,000 of these people into America. That works out to $2,750,000.00 per islamic/muslim person. That’s a dam high price. And then on top of that they demand we change our business rules and laws to meet their belief system. I think they are taking advantage of us, and don’t want to become Americans that want to change America into another islamic failed country. DIVERSITY my ass.
James Lincoln says
OLD GUY says,
“…they demand we change our business rules and laws to meet their belief system. I think they are taking advantage of us…”
The ARE taking advantage of us.
VickyK says
Stealth Jihad.