Sharia Law is new source of Libyan legislation

Link.

Mass gamespot errors so click link for story.

Recipe for disaster or it's the best thing that could of happened to them?

They wanted it. They can have it.

The worst thing that will happen is the people will get sick of oppressive laws one inexperienced and powerhungry people take power and have another revolution.

that's what people want

Now you can see why people like Ron Paul argue we shouldn't get involved in other country's business.

We could have helped to put a radical group in power. That was Ron Paul's argument all along....who are these people and are we dropping bombs to help them get into power?

that's what people want

Harisemo

[QUOTE="Harisemo"]

that's what people want

Victorious_Fize

How do the banks pay for operating costs under that system?

[QUOTE="Harisemo"]

that's what people want

Victorious_Fize

I guess the prophet didn't understand the concept of "inflation".

[QUOTE="Harisemo"]

that's what people want

Victorious_Fize

and the problem begins,it's not like if the constitution was based on secularity ppl would be losing their religious belief or something.i'm really disappinted in lybians.

Sharia isn't that bad if you got it right, it's impossible to get it 100% tho .... alot of tradions, old customs and understandings will always interfer.

Not exactly surprising. But the key thing to realise is that there are still "degrees" of Sharia law - in some countries it is a mix of religious law and civil law all the way through to the exclusively Sharia-based law of Saudi Arabia.

Islam has always been a mix of law and religion (Christianity is far less explicit about such things), so I don't think this means they're going to turn into a bunch of extremist nut-jobs over the next few months. Totalitarian regimes (of any persuasion) tend to relegate religion (regardless of what it is) to ensure their own power is considered supreme. That the legal system such regimes adopt is similar to our own doesn't necessarily mean it's what is best for that country.

[QUOTE="Victorious_Fize"][QUOTE="Harisemo"]

that's what people want

Wasdie

How do the banks pay for operating costs under that system?

[QUOTE="Victorious_Fize"][QUOTE="Harisemo"]

that's what people want

PWSteal_Ldpinch

I guess the prophet didn't understand the concept of "inflation".

I guess the prophet didn't understand the concept of profit. just kidding

No economist btw, grabbed from Google. :PVictorious_Fize

Apparently, neither was the prophet :lol:

[QUOTE="Victorious_Fize"][QUOTE="Harisemo"]

that's what people want

PWSteal_Ldpinch

I guess the prophet didn't understand the concept of "inflation".

As I have detailed elsewhere,1 Gaddafi, an old adherent of Arab socialism on the line of Egypt's Gamal Nasser, used the oil revenues to improve the lot of his people. Health care was free as was education. Each Libyan family was given a state grant of $50000 towards buying a new house and all bank loans were according to Islamic anti-usury laws, interest free.

http://www.globalresearch.ca/index.php?context=va&aid=26763

gamespot wont let me linkify

http://www.guardian.co.uk/money/2006/jun/13/accounts.islamicfinance No economist btw, grabbed from Google. :PVictorious_Fize

There are problems with that system, just like problems with an intrest based system. We'll see how it works.

[QUOTE="PWSteal_Ldpinch"]

[QUOTE="Victorious_Fize"] "Abdul-Jalil said new banks would be set up to follow the Islamic banking system, which bans charging interest. For the time being, he said interest would be canceled from any personal loans already taken out less than 10,000 Libyan dinars (about $7,500)." F*** yeah!Victorious_Fize

I guess the prophet didn't understand the concept of "inflation".

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

This is why people need to study history.

It's like when lenin was replaced by stalin who was a much more brutal dictator.

[QUOTE="Victorious_Fize"] http://www.guardian.co.uk/money/2006/jun/13/accounts.islamicfinance No economist btw, grabbed from Google. :PWasdie

There are problems with that system, just like problems with an intrest based system. We'll see how it works.

[QUOTE="Victorious_Fize"][QUOTE="PWSteal_Ldpinch"]

I guess the prophet didn't understand the concept of "inflation".

PWSteal_Ldpinch

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

[QUOTE="PWSteal_Ldpinch"]

[QUOTE="Victorious_Fize"] Please do explain.Victorious_Fize

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

There is no work around, because the price of gold changes. Unfortunately, the prophet didn't understand economics. He couldn't read!

[QUOTE="PWSteal_Ldpinch"]

[QUOTE="Victorious_Fize"] Please do explain.Victorious_Fize

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

When you stop trading goods for goods and use a base currency, inflation is unavoidable. Not to mention it's completely healthy for an economy.

is there anything to indicate that current banks charge interest in a non-islamic way in libya?Kh1ndjal

I don't think any of us are saying it's bad. It's just a foreign concept to us. From what I read, Islamic banks work more like a business. They sell services, not money. Western banks sell money.

[QUOTE="Victorious_Fize"]

[QUOTE="PWSteal_Ldpinch"]

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

PWSteal_Ldpinch

When you stop trading goods for goods and use a base currency, inflation is unavoidable. Not to mention it's completely healthy for an economy.

[QUOTE="Victorious_Fize"]

[QUOTE="PWSteal_Ldpinch"]

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

PWSteal_Ldpinch

There is no work around, because the price of gold changes. Unfortunately, the prophet didn't understand economics. He couldn't read!

[QUOTE="Kh1ndjal"]is there anything to indicate that current banks charge interest in a non-islamic way in libya?Wasdie

I don't think any of us are saying it's bad. It's just a foreign concept to us. From what I read, Islamic banks work more like a business. They sell services, not money. Western banks sell money.

[QUOTE="Victorious_Fize"]

[QUOTE="PWSteal_Ldpinch"]

As a government prints more money, the cost of goods increases gradually. If something costs 10 units of currency today, It might cost 15 units of currency after a decade. If a bank decides to loan you money, they have to account for inflation. If they loan you 10, they have to take 15 after ten years or else they lose money. This is why it is necessary to charge interest, even if you don't want to make a profit.

Wasdie

When you stop trading goods for goods and use a base currency, inflation is unavoidable. Not to mention it's completely healthy for an economy.

[QUOTE="Kh1ndjal"]is there anything to indicate that current banks charge interest in a non-islamic way in libya?Wasdie

I don't think any of us are saying it's bad. It's just a foreign concept to us. From what I read, Islamic banks work more like a business. They sell services, not money. Western banks sell money.

Can you explain more?

And people actually thought they wanted democracy? What a bunch of morons.

Dictatorship is the best thing you can hope for in these Islamic countries because at least it keeps the religious crazies from coming to power.

And people actually thought they wanted democracy? What a bunch of morons.

Dictatorship is the best thing you can hope for in these Islamic countries because at least it keeps the religious crazies from coming to power.

dpeter45

And people actually thought they wanted democracy? What a bunch of morons.

Dictatorship is the best thing you can hope for in these Islamic countries because at least it keeps the religious crazies from coming to power.

dpeter45

And people actually thought they wanted democracy? What a bunch of morons.

Dictatorship is the best thing you can hope for in these Islamic countries because at least it keeps the religious crazies from coming to power.

dpeter45

[QUOTE="Crunchy_Nuts"][QUOTE="dpeter45"]

And people actually thought they wanted democracy? What a bunch of morons.

Dictatorship is the best thing you can hope for in these Islamic countries because at least it keeps the religious crazies from coming to power.

dpeter45

Arabs don't want democracy. That's what no one seems to understand. You have the choice between dictatorship and theocracy, and of the two dictatorship is better.

[QUOTE="dangamit"][QUOTE="dpeter45"]

Arabs don't want democracy. That's what no one seems to understand. You have the choice between dictatorship and theocracy, and of the two dictatorship is better.

dpeter45

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

you cant really think that, can you? that incredibly offensive

[QUOTE="dpeter45"]

[QUOTE="dangamit"] Better for who exactly? The west? The people who live in the country?Phaze-Two

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

you cant really think that, can you? that incredibly offensive

It's also incredibly true. Cultural relativism is a bunch of crap. Arabs are culturally inferior because they treat women like dirt and want to murder all non muslims.

[QUOTE="dpeter45"]

[QUOTE="dangamit"] Better for who exactly? The west? The people who live in the country?Phaze-Two

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

you cant really think that, can you? that incredibly offensive

[QUOTE="dangamit"][QUOTE="dpeter45"]

Arabs don't want democracy. That's what no one seems to understand. You have the choice between dictatorship and theocracy, and of the two dictatorship is better.

dpeter45

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

[QUOTE="dpeter45"]

[QUOTE="dangamit"] Better for who exactly? The west? The people who live in the country?dangamit

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

The arabs stone women and the Afghans rape little boys (google pederasty if you don't believe me). Like I said, you can't give democracy to these kinds of people. They're just too barbaric. They're stuck in the Middle Ages. Dictatorship is the best thing for them until they can learn to abandon their stupid violent religion and join the rest of the world in the 21st century.

[QUOTE="Phaze-Two"]

[QUOTE="dpeter45"]

Both.

Arabs are barbaric people who need to be ruled with an iron fist, otherwise everything goes to hell. We probably just created another Afghanistan by ousting Gaddafi.

dpeter45

you cant really think that, can you? that incredibly offensive

It's also incredibly true. Cultural relativism is a bunch of crap. Arabs are culturally inferior because they treat women like dirt and want to murder all non muslims.

you were talking about arabs, then changed to afghans, then changed to talking about muslims as if they were all the same thing... i agree that according to my moral preferences, islam is culturally inferior. but you don't need to get racist on us.

some people just hating on sharia law just for the sake of hating .most of u dont know even 5% of what shariyat is.

fully implement sharia on any country and you will get good results quick. if libya is building its legislation on the foundation of sharia law then they will defiantely be back on track (of progress)in no time