Speaking of shariah law, how about shariah finance?

Of course, where else might this be happening in the United States other than Dearbornistan or Detroitistan? The only state that has 'elected' a clown and libtarded asshat for the U.S. Senate; Minnesota. How about dhimmiapolis as another blogger now calls it. Indeed.

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The Alternative Finance Program respects Islamic law by offering fixed-rate loans.

By Katherine Lymn

An Islamic law enacted centuries ago was an obstacle for modern Minneapolis businesses until Minneapolis partnered with an African business resource group to allow Muslim business owners a way to both comply with their beliefs and invest in their businesses.

Since April 2007, the city of Minneapolis, in partnership with the African Development Center, has given out 38 loans in a way that is compliant to Islamic law by using a fixed rate in place of a variable interest rate.

Through the system, called the Alternative Finance Program, businesses pay a set rate of return, which corresponds with Islamic practices. The program is a slightly altered version of the common “Two-Percent” loans also offered by the city’s Department of Community Planning and Economic Development.

“It really amounts to the same thing,” Bob Lind, CPED director of business finance, said. “But it’s … just a different way of looking at it.”

Recipients of the loan operate businesses that lie mainly in the Cedar-Riverside neighborhood and along Lake Street, “typical strongholds for the Somali community,” Lind said.

Five of the loans went to businesses that are part of a Somali marketplace in the Cedar-Riverside area. Continue reading

Remember it was Muslims from Somalia who immigrated here and then returned to their vermin ridden country to wage jihad against U.S. interests, and anyone who stands in the way of Islam and shariah law.

Hat tip: Jihad Watch