On The Responsibilities Of Muslim Fiscal Providers

I was invited to participate on a Muslim conference panel on dwelling financing, too rather than spend upward the invitation, outlined my views (which would hold upward familiar to whatever reader of this blog) too indicated that I would hold upward happy to participate if the objective was to offering a multifariousness of opinions, precisely that it may hold upward amend to discovery roughly other panelist if the objective was non to undermine the alternatives offered inwards this forum. The gentleman who had invited me thanked me for my candor too chose the minute option.

I followed upward this morning time alongside an email, from which I idea that I would quote roughly excerpts below... I bring redacted all parts of the electronic mail that would position my interlocutor, too idea that the principal message is i that I should set inwards Blue Planet domain through this weblog post:

...  

I hesitate to enjoin to a greater extent than inwards the meantime, precisely I bring sensed inwards your electronic mail a rare sincerity that merits taking the risk.

First, ...

Second, I create non know your model, precisely submit to yous what yous for certain know: that whether or non a model inwards finance is “working” tin transportation away entirely hold upward determined at extreme too rattling rare events such every bit bankruptcy, which stress ownership construction too priority of claims to assets, which necessitate courts to decide what happens nether circumstances that fiscal engineers too regulators had non considered throughly (and had no courtroom precedent upon which to base of operations their analysis). Does a model of co-ownership expose your members to legal risks from which they are protected nether the regulatory framework of conventional mortgages? Are the benefits they larn from your model sufficient to counterbalance such (and other) potential risks? 

Third, I am non surprised that yous bring a long waiting listing (my friend ... had likewise mentioned something similar). But create nosotros non recognize that this need is the upshot of terrible miseducation yesteryear the ideologue propagandists of the minute one-half of the yesteryear century, who convinced many Muslims (wrongly) that involvement is the same affair every bit the categorically forbidden riba? As somebody who is responsible for the fiscal good beingness of your community, create yous non bring the responsibleness to deprogram your community, who are waiting for your alternative, too thence that they may pursue the other permissible conventional fiscal alternatives available to them?